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

Posted On Thu, May 5, 2016 By

Posted On Thu, May 5, 2016 By In Central Park South

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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