Jan 25

Jan 25 $238m Sale of NY Penthouse Smashes U.S. Real Estate Record

It’s only January of 2019 and we’ve already had what could turn out to be the biggest news of the year in U.S. real estate. Right now, it’s certainly the hot topic. Billionaire hedge fund founder, Ken Griffin, just set a new record for the most expensive home ever sold in the United States, paying a staggering $238m for a New York apartment.

This luxurious ‘mansion in the sky’ is within the 220 Central Park South building in Manhattan - a contemporary skyscraper located on New York’s famous “Billionaire’s Row”. The apartment overlooks Central Park (of course) and expands over four stories encompassing an impressive 24,000 square feet of living space. The building was designed by Robert A.M. Stern Architects, with construction completed at the back end of 2018.

The 952-feet tower is now the tenth tallest building in New York City and hosts just 118 luxury apartments across its 70 stories. Resident’s amenities include private dining rooms, a wine cellar, and a library. Further facilities include a pool, a gym, a basketball court, a golf simulator, and a children’s play area.

The extravagant purchase of this luxury apartment in 220 Central Park South eclipses the previous record which was set in 2014 by the sale of a $137m East Hampton home.

Mr. Griffin’s new home is in line with his recent strategy of investing in expensive real estate. He owns a long list of luxury homes around the United States, including the most expensive apartments in both Chicago and Miami. He also recently made headlines by purchasing a $124m home near Buckingham Palace in London, England.

Verve & Grace - Luxury Lifestyle Magazine.