220 Central Park South has had another massive sale, according to The Wall Street Journal. An unknown buyer is the latest in a line of celebrities and billionaires who have been purchasing property at this ultra-lux, ultra-exclusive address. The reported price tag? $100 million.
The apartment is one of the penthouse units spanning 9,800 square feet with four bedrooms.
This marks only the 3rd time a sales price of an NYC apartment has crossed into 9-digits. The other two? - Michael Dell’s $100.47M pad in One57, and Ken Griffin's record-breaking purchase in 220 Central Park South!
220 Central Park West is one of the (if not the most) exclusive buildings in a strip of ultra-luxurious buildings making up Billionaire’s row. The building is becoming an ultimate status symbol.
Overall, 2019 has been a very strong year for 220 Central Park South. The Robert A. M. Stern-designed building has 11 of the top 20 sales of 2019. The lowest of these sales was for $34.3M, and the highest price tag went to Ken Griffin’s $239M home. And the total sales for the year? A whopping $1.4 billion.
While 220 Central Park South is having a great year with closings, it is important to remember these deals have been in contract for quite a while. Recent market factors like the new mansion tax have slowed deals in this price range.
“While the deal shows that buyers are willing to pony up nine-figure sums for the most spectacular homes in New York, luxury agents said this particular sale has little relationship with today’s market, which is more sluggish for luxury homes. The contract for the home was likely signed a couple of years ago and is closing now that the tower is nearing completion, according to people familiar with the building.” -Katherine Clarke
Amenities in 220 CPS include a porte-cochere, on-site parking garage, bike room, full-time doorman and concierge, fitness center, juice bar, spa, swimming pool, squash court, basketball court, golf simulator room, weight room, yoga/pilates room, children’s amenity area, library, lounge, meeting room, dining room, and a communal terrace, and now rumor has it the building may be getting a Jean-Georges residents-only restaurant.