Mystery Buyer Pays $157.5 Million for Two Condos on New York’s Billionaires Row
The deal at 220 Central Park South marks one of the city’s most expensive residential trades ever
Two condos at New York’s 220 Central Park South have sold for a combined $157.5 million. It is one of the city’s priciest residential transactions of all time.
Property records show a buyer paid $82.5 million for a unit on the 60th floor and $75 million for the floor above. The purchase was made through a limited-liability company; the identity of the buyer couldn’t immediately be determined.
Both units are resales and the sellers, whose identities were also shielded by limited-liability companies, made significant profits. Last year the lower level traded for $50.9 million, while the upper level sold for $51.4 million, records show.
The mega-tower currently holds the record for the priciest sale in the U.S. In 2019, hedge funder Ken Griffin purchased a penthouse for roughly $238 million, The Wall Street Journal reported.
Designed by Robert A.M. Stern Architects, 220 Central Park South has attracted other high-profile buyers including Daniel Och of Och-Ziff Capital Management and musician Sting and his wife Trudie Styler.