Robert A. M. Stern’s 220 Central Park South passes $1B in sales

Posted On Wed, September 18, 2019 By

Posted On Wed, September 18, 2019 By In Central Park South, real estate trends

Via Vornado Realty Trust and Robert A.M. Stern Architects

Since its first closing nearly a year ago, Robert A.M. Stern’s 220 Central Park South has now surpassed the $1 billion mark in sales according to data compiled by CityRealty. The milestone is definitely not surprising considering this is the same building where Billionaire Ken Griffin bought the country’s most expensive home ever sold for $239,958,219. And with an average sales price of $6,934 per square foot for its 39 total closings, 220 is also the city’s most expensive condo building.

Following Griffin’s purchase, the priciest unit in the building was a $66 million penthouse that Sting closed on in January. Most other sales have fallen roughly between $13 and $35 million. As 6sqft previously noted, this includes “Albert Behler, chairman and chief executive of real estate investment trust Paramount Group, who bought a 35th-floor unit for $33.5 million, and Brazilian billionaire Renata de Camargo Nascimento, who paid $30.19 million for an apartment on the 33rd floor.” Two approximately $1.8 million, 500-square-foot studios and a $1.5 million, 444-square-foot unit round out the lower end.

The total projected sellout for 22o Central Park South’s 118 units is $3,392,586,000 (up from the initial 2015 sellout price of $2,636,417,000) By comparison, the just-topped-off Central Park Tower, which became the world’s tallest residential building, is expecting a $4 billion sellout, which would make it the most expensive condo ever in the nation.

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Neighborhoods : Central Park South

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