Billionaires’ Row Penthouse Is going For a Hefty $72M

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A full-floor penthouse at 220 Central Park South has bought for $72 million in some of the town’s greatest offers thus far this yr, The Wall Side road Magazine reported.

The 5,000-square-foot three-bedroom pad bought in an off-market deal.

The patron may no longer right away be made up our minds. Alternatively, that very same purchaser additionally bought a smaller $3 million unit within the construction.

The valuables designed through Robert A.M. Stern Architects has observed various flashy offers lately, the largest of which used to be the acquisition of a $238 million penthouse in 2019 through hedge-funder Ken Griffin, which these days holds the identify of priciest sale within the U.S.

In early 2022, Dan Och additionally bought a penthouse within the construction for $188 million, nearly doubling what he paid for the unit in 2019. The patron of that penthouse used to be later published as Alibaba co-founder Joseph Tsai, who additionally owns the Brooklyn Nets.

The swanky construction with a façade of Alabama Silver Shadow limestone features a pool, athletic membership and personal eating place. The valuables used to be evolved through Vornado and Deborah Kern of the Corcoran Staff leads gross sales for the construction.

Just like the residential actual property marketplace at huge, the luxurious sector has observed sharp declines in contemporary months, because the Fed continues to hike rates of interest and the worldwide financial system stays unsure. Luxurious gross sales in Big apple declined 18.3 % yr over yr within the 3rd quarter of 2022, in step with information from Douglas Elliman and Miller Samuel.

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E mail Lillian Dickerson





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