flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

The country's most expensive home sells for $238 million

Multifamily Housing

The country's most expensive home sells for $238 million

The unit comprises four stories at 220 Central Park South in Manhattan.


By David Malone, Associate Editor | January 25, 2019
220 Central Park South's limestone facade

220 Central Park South under construction. Courtesy Wikimedia Commons, godsfriendchuck

220 Central Park South, a 953-foot-tall luxury multifamily tower that overlooks Manhattan’s Central Park, is the new location of the most expensive home ever sold in the United States. Ken Griffin, the Founder and CEO of the global investment firm Citadel, made the record-setting purchase, plunking down $238 million for a 24,000-sf penthouse. The previous record was held by a home that sold in the Hamptons in 2014 for $137 million.

The penthouse occupies four entire floors (50 through 53) in the 70-story, Robert A.M. Stern Architects-designed building. The palatial unit contains 16 bedrooms, 17 bathrooms, five balconies, and a Central Park-facing terrace. In addition to the penthouse, Griffin will be able to take advantage of such building amenities as a porte-cochère, a wine cellar, a swimming pool, private dining rooms, an athletic club, a juice bar, a library, a basketball court, and a golf simulator.

 

See Also: Caoba is the first tower to open at Miami Worldcenter

 

The $238 million price tag accounts for 17% of 220 Central Park South’s $1.4 billion cost to build. It also breaks down to about $9916.66 per square foot. Vornado Realty Trust owns the building. In addition to Romert A.M. Stern Architects, the build team also included Thierry W. Despont (interiors) and DeSimone Consulting Engineers (structural engineer).

Related Stories

High-rise Construction | Jul 7, 2015

Bjarke Ingels designs Frankfurt skyscraper with a surprise in the middle

Several levels in the center of the 185-meter tower are shifted outward to allow for terraces with city views.

Multifamily Housing | Jul 1, 2015

Baby boomers—not Millennials—will drive demand for apartments long term, according to U.S. Fed study

The volatile U.S. multifamily housing market has returned to pre-recession investment levels, driven largely by Millennials putting off home-buying and settling for rentals, but in the long term it will be baby boomers that will drive the market as they downsize.

High-rise Construction | Jun 23, 2015

The world's best new skyscrapers for 2015

One World Trade Center and Abu Dhabi's Burj Mohammed Bin Rashid Tower are among the four towers named Best Tall Buildings by the Council on Tall Buildings and Urban Habitat.

Multifamily Housing | Jun 22, 2015

MAD Architects unveils first U.S. residential project, in Beverly Hills

The “hillside village” edifice will be covered in drought-tolerant vines and succulents.

High-rise Construction | Jun 15, 2015

Cornell Tech breaks ground on world's first Passive House residential high-rise

To achieve Passive House standards, Cornell Tech Residential will incorporate a number of sustainability-focused design elements. The façade, constructed of a prefabricated metal panel system, acts as a thermally insulated blanket wrapping the building structure. 

Wood | Jun 2, 2015

Michael Green Architecture designs world's tallest wood building for Paris competition

“Just as Gustave Eiffel shattered our conception of what was possible a century and a half ago, this project can push the envelope of wood innovation with France in the forefront," said architect Michael Green of the project.  

Multifamily Housing | Jun 1, 2015

Sacramento moves forward on multifamily project with new modular supplier

Guerdon Modular Buildings will provide modules for 118 apartments.

Multifamily Housing | May 30, 2015

Fannie Mae offers incentives for energy, water efficiency in multifamily buildings

Owners of apartment buildings and cooperatives may be eligible for loans with reduced interest rates for upgrades that reduce their energy or water consumption by at least 20%, under a new Fannie Mae refinancing program.

Multifamily Housing | May 30, 2015

Energy Department releases resources to assess building energy benchmarking policies, programs

The new handbook demonstrates methodologies using real data from New York City.

Multifamily Housing | May 28, 2015

Census Bureau: 10 U.S. cities now have one million people or more

California and Texas each have three of the one-million-plus cities.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021