$250M Penthouse at 220 Central Park South Will Officially Be NYC’s Most Expensive Apartment

May 5, 2016

For over a year, it’s been a guessing game with just how expensive 220 Central Park South‘s penthouse will actually be. Initial murmurings put the price at $175 million, but later reports that claimed hedge fund tycoon Ken Griffin was the buyer upped it to $200 million. The guessing is over, though, as The Real Deal has obtained an amended offering plan filed with the New York Attorney General, which shows that the 23,000-square-foot, four-floor “billionaire’s bunker” will cost a mind-boggling $250 million (or $11,000 per square foot), making it by far the city’s most expensive apartment.

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The AG filings confirm previous reports that the massive unit is a combination of smaller apartments, which includes an 11,000-square-foot duplex on the 50th and 51st floors (previously asking $150 million) and three “smaller” units on the 52nd and 53rd floors that were asking between $26 and $43 million. The multiple-unit situation makes the Ken Griffin claim seem more plausible since sources had said he was looking to combine apartments in the Billionaires’ Row tower. There’s also been rumors that a Qatari buyer was cobbling together a $250 million spread.

The filings also show that developer Vornado has created four new penthouse units, two of which are asking $100 million each. In total, 220 CPS will offer 116 units with a projected sellout of $3.17 billion. As of November, the building was 50 percent sold. If the $250 million sale goes through, it will far surpass current record holder One57, where a penthouse sold for $100.5 million in January, 2015.

For future listings at 220 Central Park South, visit CityRealty.

[Via TRD]


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