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
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