A … A record-shattering $238 million purchase of a Manhattan penthouse at 220 Central Park South came at the hands of billionaire and Citadel hedge fund founder Ken Griffin. A Positive Sign for Luxury New York Real Estate: A $55.5 Million Condo Sale The sale at 220 Central Park South is viewed as a shot in the arm to the struggling ultra high-end market. Hedge fund billionaire Ken Griffin has completed the purchase of a penthouse on New York’s Central Park South for $238million - the most ever … Ken Griffin’s purchase of a 220 Central Park South penthouse is a sign of confidence in New York real estate and a type of deal that won’t happen again soon. “It’s been on my list for four years,” said Mr. Miller, who said the unit, first listed for $250 million, went into contract in the fall of 2015. Chicago billionaire Ken Griffin, who's been on a home-buying spree, paid $238 million for an under-construction New … For $100M, an âequestrian estate of the highest caliberâ in Westchester, An incredibly gilded apartment in the Plaza Hotel seeks $45M, Opulent Upper East Side mansion once listed for $114M, now wants $79M, 220 Central Park South dominates NYCâs priciest sales of 2019, For $50M, a lavish spread in one of Fifth Avenueâs most exclusive co-ops, $61M condo is 220 Central Park Southâs latest exorbitant closed sale. The unit in 220 Central Park South, built by Vornado Realty Trust and designed by Robert A.M Stern Architects, is approximately 24,000 square feet — … The luxury residential condominium development includes an 18-story building called “the Villa” that will front Central Park alongside other comparably sized buildings. At just under $10,000 per square foot, the sale is certainly in rare company, but less pricey than the $88 million sale of an apartment at 15 Central Park West, which went into contract in 2012 for an eye-watering $13,049 per square foot, said Mr. Miller. At $238 Million, It’s the Highest-Price Home in the Country. A hedge fund billionaire has purchased a Central Park penthouse apartment for $238 million — the most anyone has ever paid for a home in the United States. The sale dwarfs the previous record-holder in New York City, a $100.5 million duplex sold in 2014 at One57, a nearby high-rise that helped rechristen a sleepy strip of Midtown across 57th Street as “billionaires’ row.”. The sale has not yet hit city records, but a rep for Citadel, the hedge fund that Griffin founded, confirmed the sale to the WSJ. The Wall Street Journal first reported the closing. Itâs also close to the top of the list for the priciest home ever sold in the world, though according to the WSJ, a $361 million sale in Hong Kong still bests it. The Most Expensive Home Ever Sold In The U.S. Is In 220 Central Park South Hedge-fund manager Ken Griffin lay down $238 million for the penthouse. The sale of the 24,000 square foot apartment makes it the highest-priced home ever sold in the United States. Tom Williams/CQ Roll Call, via Associated Press. Now that the apartment is nearly finished, how will it size up? Billionaire Ken Griffin has closed on a penthouse at 220 Central Park South for $238 million, setting the record for the most expensive home ever … The previous United States record-holder was a $137 million East Hampton home that sold in 2014. Kenneth Griffin, founder of the investment firm Citadel, has added the apartment to his real estate portfolio. Mr. Leibovitch’s residence isn’t the most expensive at 220 Central Park South. The Citadel founder closed on the $238 million penthouse at 220 Central Park South, so he’ll have a place to stay when he’s working in New York, a Citadel spokeswoman said. Citadel hedge fund founder Ken Griffin, a billionaire hedge fund founder, has purchased a penthouse at 220 Central Park South for roughly $238 million. 220 Central Park South is another signature project from master architect Robert A.M. Stern, developed by Vornado Realty Trust. Homes seeking $4 million or more took an average of 447 days to go into contract in 2018, according to Olshan Realty. The previous record for the priciest closed sale in the city was held by One57, located a few blocks from 220 Central Park South; Michael Dell, the founder of the eponymous tech company, bought a $100.5 million penthouse there in 2015. Other rumored residents include Sting and his wife, Trudie Styler. A lawsuit against state guidance on tenant brokerâs fees has led to a temporary restraining order on the rule. 220 Central Park South sits on New York City's most expensive street, where the median sale price is $9.8 million.. Hedge fund billionaire Ken Griffin closed on an apartment under construction at 220 Central Park South this week for around $238 million. Mr. Griffin, founder of the investment firm Citadel, is not new to stratospheric real estate sales. The sale, which closed Wednesday, was confirmed by a spokesman for the buyer, Kenneth Griffin. Last year he spent $58.75 million on a Chicago penthouse, a record for the city, The Chicago Tribune reported. Griffin has closed on the unit in the 79-story residential tower, which is under construction for an estimated cost of $1.4 billion at 220 Central Park South.