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220 Central Park South, 220...

Ken Griffin Acquires $238M Penthouse Apartment At 220 Central Park South
SOLDOffice

Ken Griffin Acquires $238M Penthouse Apartment At 220 Central Park South

220 Central Park South, 220 Central Park South, New York, NY 10019, USA

$238,000,000

$9,916/SF

Building Size

24,000 SF

Asset Type

Office

Closing

Jan 22, 2019

AI

An apartment at 220 Central Park South in New York City has recently been sold for a whopping $238 million. This penthouse apartment, located in one of the most prestigious addresses in the city, boasts a total square footage of 24,000 and a price per square foot of $9,916. It is now officially the most expensive home ever sold in America.

Summary of transaction details:

  • Property Type: Penthouse Apartment
  • Transaction Amount: $238 million
  • Square Footage: 24,000
  • Address: 220 Central Park South

The buyer of this record-breaking penthouse is Ken Griffin, founder of Citadel. Representing the seller, Steven Roth, is Deborah Kern from The Corcoran Group. On the buyer's side, the deal was facilitated by Tal Alexander and Oren Alexander from Douglas Elliman. This high-profile transaction has attracted significant attention due to its unprecedented price and the renowned individuals involved.

Note: This sale marks a historic moment in the real estate market, solidifying 220 Central Park South as an iconic landmark for luxury living.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
Ken Griffin

Ken Griffin

Citadel

Buyer

$993M

vol

20 deals

Buyer
Steven Roth

Steven Roth

Vornado Realty Trust

Seller

$4.4B

vol

45 deals

Seller

New York Office Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93