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
Multifamily Housing | Apr 9, 2015
Multifamily development and transactions haven’t taken a breather yet
Despite predictions about an impending softening in multifamily construction, builders and developers continue to expand their market reach and portfolios.
Multifamily Housing | Apr 8, 2015
Roof air leakage issues in multifamily buildings isn’t just 'hot air' talk
Paladino's Robert Hayes talks about venting regulations in New York and how air leaks can cost residents upwards of $3,000 a year.
Mixed-Use | Apr 7, 2015
$100 billion 'city from scratch' taking shape in Saudi Arabia
The new King Abdullah Economic City was conceived to diversify the kingdom's oil-dependent economy by focusing more in its shipping industry.
High-rise Construction | Apr 6, 2015
Melbourne tower will light up depending on weather
The tower will be illuminated by 164-foot-tall beams of LED light based on weather updates from the Bureau of Meteorology.
Multifamily Housing | Apr 2, 2015
Historic Cabrini Green church to be demolished for tech-focused multifamily development
The infamous neighborhood’s Saint Dominic’s Church “was instrumental in taming a part of the city that grew up from the swamps as a lawless district of vice and poverty,” according to the Chicago Architecture blog.
Modular Building | Mar 31, 2015
Phoenix apartment complex will be made from recycled shipping containers
The eight-unit complex, called Containers on Grand, was inspired by the need for affordable and sustainable housing near the city's core.
Multifamily Housing | Mar 31, 2015
Plans for a new condo tower in New York create a ‘communal ecosystem’ for residents
The conceptual plans for a 700-foot-tall, 65-story condominium tower in New York City were unveiled in early March by its architect, Perkins+Will.
Multifamily Housing | Mar 27, 2015
Bathroom fixtures get a starchitect makeover by Bjarke Ingels
This Danish starchitect elevates the toilet paper holder (and other bathroom accessories).
High-rise Construction | Mar 24, 2015
Timber high-rise residential complex will tower over Stockholm waterfront
The four towers, 20 stories each, will be made entirely out of Swedish pine, from frame to façade.
Multifamily Housing | Mar 24, 2015
High tech automation is one new condo development’s calling card
The Sterling Collection in Arizona will include the first robotic parking garage for a West-Coast residential community.
