priciest real estate

Central Park South, real estate trends, Recent Sales

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons

As of July 1, 2020, the average price per square foot for a New York City condo came in at $1,110, according to CityRealty. But this duplex penthouse at 220 Central Park South sold for a whopping $12,164 per square foot. First spotted by The Real Deal and confirmed in city property records, PH 76 at the Billionaires’ Row tower just closed for $99,903,375, making it the third-most-expensive sale ever, behind billionaire Ken Griffith’s $238 million purchase also at 220 CPS in early 2019 and Michael Dell’s $100 million buy at One57 in 2015. The sale takes the number-three spot from a $92.7 million sale at 220 CPS, which sold in late 2019 to billionaire hedge-funder Daniel Och.

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Connecticut, Recent Sales

Photo credit is Halstead Connecticut LLC

Halstead Real Estate reports that their Greenwich, Connecticut-based agent Christopher Finlay just represented the state’s highest-priced sale of this year. The incredible waterfront estate was originally listed for $21 million and closed this week for $17.1 million. Located within the prestigious Belle Haven neighborhood, the impeccably renovated 1915 Georgian Colonial sits on nearly four acres that come complete with rolling lawns overlooking the Long Island Sound, a large swimming pool, a gorgeous flower garden, and a contoured golf practice green with bunkers.

See it all right here

Brooklyn Heights, Recent Sales

Image courtesy of MOSO Studio

Back in October of 2018, a $20 million penthouse in Brooklyn Heights’ Quay Tower went into contract. It’s now closed (virtually!) for $20,301,000, making it the borough’s most expensive residential sale ever. It takes the crown from the $16.7 million penthouse Matt Damon bought in late 2018 at The Standish, also in Brooklyn Heights. Andrew Anderson of Douglas Elliman, who facilitated the sale, said: “Closing on the most expensive residential sale in Brooklyn history at this period in time is a testament to the beautiful, serene homes created at Quay Tower and the desirability of waterfront living in Brooklyn Heights.”

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Central Park South, Recent Sales

220 Central Park SOuth, Vornado, Robert A.M., Stern

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

Update 1/29/19: The penthouse officially closed on January 23, 2019, for $239,958,219, more than was originally reported.

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 sold in the United States, as the Wall Street Journal first reported. Griffin, who founded Citadel, first signed the contract to buy a 24,000-square-foot unit at the under-construction tower in 2015. The hedge fund mogul reportedly picked up the pricey digs as “a place to stay when he’s in town,” since his company is looking to expand its footprint in New York City.

More on record-breaking deal

Cool Listings, Midtown East

one beacon court, 1 beacon court, steve cohen, price chop

Everything goes on sale after Christmas, and that’s certainly true of hedge fund billionaire Steve Cohen’s Beacon Court penthouse at 151 East 58th Street. The SAC Capital Advisors founder bought the 9,000-square-foot duplex for $24 million in 2005 and hired noted architect Charles Gwathmey to give it a once-over. The condo hit the market again in April of 2013 for a whopping $115M (around the time Cohen received a wrist-slap to the tune of $1.2 billion for insider trading). No takers at that price. Or the next one ($82M). Or the one after that ($79M)–you probably get where this is going. Where the five-bedroom aerie on the building’s 51st and 52nd floors ended up today: Deeply discounted to $45 million after eight price cuts adding up to a $70 million drop, making it the heftiest haircut to happen in New York City history according to The Real Deal.

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Archtober2020