The Highest Priced Apartment in Central Park Just Got Sold in $238 Million

The costliest residence within the nation offered in New York for $238 million. Hedge fund billionaire Ken Griffin closed on the Manhattan property at 220 Central Park South on Wednesday his spokesperson mentioned. The almost 24,000sq.ft condominium takes up some flooring on the high of a tower designed by architects Robert A.M. Stern and developed by Vornado Realty Belief.

This sale is necessarily the most anybody has paid for a home in America. The earlier document was set in 2014, additionally by a New York property. That dwelling within the Hamptons offered for $137 million, following statistics compiled by Miller Samuel Inc., actual property and appraisal consulting agency that tracks the highest gross sales of single residences over $50 million.

The corporate’s CEO, Jonathan Miller, cautions that monitoring the most expensive houses bought within the nation is just not a precise science. Miller mentioned when he first heard in regards to the property at 220 Central Park South in 2014 it was listed for $250 million. “The sale for $238 million has nothing to do with the present market. It has all the things to do with 2015, which was round peak luxurious,” he stated. “In New York, the highest finish is softening proper now due to over-improvement.”

The 79-story skyscraper that accommodates the condominium is beneath development and is true on Central Park in a space also known as New York’s billionaire’s row. It has sweeping views of the enduring park. Different massive names at that constructing embody singer Sting and his spouse, Trudie Styler, in response to the Wall Street Journal.