220 Central Park South Penthouse Could Set a New Record with $175 Million Price Tag

March 5, 2015

It’s a good day for Robert A.M. Stern, whose buildings seem to be bringing billionaires to their knees. The Real Deal has just caught wind of the offering plan for Stern’s 220 Central Park South tower being developed by Vornado. According to the papers filed with the Attorney General and sources close to the development, the penthouse may ask $150 million to $175 million, bringing the building’s total sellout to a staggering $2.4 billion. The $175 million price tag would by far blow the Sony Building’s $150 million penthouse out of the water, and most certainly One57’s record $100 million sale which currently holds the title for the most expensive unit ever sold in the city.

The floor plan for Penthouse 76 at 220 Park SouthThe floor plan for Penthouse 76, via E.B. Solomont for The Real Deal

The potential pricing of other units—an anticipated 118 of them—will all come at a pretty penny as well. Although the penthouse pricing (there are actually six penthouses in total) was not included in the offering plan but instead shared with TRD by sources close the project, other units were revealed.

Of the units listed in the plan, the average price per square foot is an incredible $7,374. The units the building’s 69-story front will start at $11.95 million for a two-bedroom, 2,400-square-foot home, while the 10 villa units will start at $32 million for a three-bedroom with just under 4,000 square feet.

The floor plan for 50th floor at 220 Park South 2The floor plan for 50th floor, via E.B. Solomont for The Real Deal

The priciest unit in the offering is a $60 million 49th-floor apartment with 6,591 square feet that include four bedrooms, a library, and two balconies. Another star on the list includes a 11,090-square-foot 50th and 51st floor duplex with a 812-square-foot terrace that is slated to ask for at least $110 million.

The floor plan for the 49th floor unit at 220 Central Park SouthThe floor plan for the 49th floor unit, via E.B. Solomont for The Real Deal

The building’s amenities will include wine cellars, a fitness center, swimming pool and a residents’ dining room. Storage units start at $111,000 for 44 square feet and go up to $211,000 for 84 square feet, while parking is also up for sale at $750,000 a spot. Buyers will also be able to purchase 25 “suite units” that range from 388 square feet to 1,449 square feet; prices not yet unveiled.

220 central park south interior

Construction has already commenced on the site, but is still a few years away from completion. The cost of the project will be about $1 billion, according to Vornado’s earnings reports.

[Via The Real Deal]

Floor plan photographs taken by The Real Deal



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