Hedge fund billionaire Ken Griffin has completed the purchase of a penthouse on New York’s Central Park South for $238million - the most ever paid for a home in the United States.
The building, 220 Central Park South, is a residential skyscraper that is currently under construction.
Developed by Vornado Realty Trust, the building will have 70 floors and a total of 116 residential units by the time construction is completed.
The building will stand at 950 feet tall, making it one of the tallest buildings in New York City.
It was designed by Robert A.M. Stern, the award-winning architect whose portfolio includes classically styled New York apartment buildings including 15 Central Park West; Philadelphia’s Museum of the American Revolution and the Comcast Center skyscraper; and two residential colleges at Yale University.
Hedge fund billionaire Ken Griffin (pictured in 2014) has completed the purchase of a penthouse on New York’s Central Park South for $238million - the most ever paid for a home in the United States
Griffin, the richest man in Illinois, closed on a penthouse that, once completed, will measure 24,000 square feet. The building is seen above under construction
The map above shows the location of 220 Central Park South - which offers unimpeded views of Central Park
Developed by Vornado Realty Trust, the building will have 70 floors and a total of 116 residential units by the time construction is completed
Griffin, the richest man in Illinois, closed on a penthouse that, once completed, will measure 24,000 square feet, according to The Wall Street Journal.
So far, only a handful of apartments in the building have been sold, according to Curbed New York.
All of the units that have been sold went for between $12million and $30million.
The $238million price tag breaks the previous record for the biggest closing sale in New York City real estate.
While Griffin's purchase is the biggest for a home in the U.S., it still lags behind the most expensive home ever sold in the world - a $361million mansion in Hong Kong.
On Tuesday it was learned that the billionaire bachelor bought a luxury home a stone's throw from Buckingham Palace in London. Griffin, the founder and CEO of Chicago-based hedge fund Citadel, snapped up Carlton Garden in St. James's for a record $124million
The home, which is located in the exclusive neighborhood known as 'The Peak,' was purchased by billionaires Yeung Kin-Man and his wife, Lam Wai Ying, according to Mansion Global.
The couple owns a company which sells iPhone screens to Apple.
Michael Dell, the tech billionaire, set the previous record for the biggest acquisition of New York real estate when he paid $100.5million for a penthouse at One57, the 1,005ft-high luxury condominium at 157 West 57th Street.
Both buildings are located a couple of blocks from each other in the area known as Billionaires’ Row - where a cluster of high-end residential skyscrapers tower over the southern tip of Central Park.
One of Dell’s neighbors in One57 is another hedge fund manager, Bill Ackman, who spent $91.5million for a duplex.
This is the second major real estate acquisition by Griffin that has been reported in recent days.
On Tuesday it was learned that the billionaire bachelor bought a luxury home a stone's throw from Buckingham Palace in London.
Griffin, the founder and CEO of Chicago-based hedge fund Citadel, snapped up the property in one of the country's most exclusive enclaves for a record $124million.
Carlton Gardens in St James's is the latest in a string of homes purchased by father-of-three Griffin, 50, who is worth a reported $9.9billion.
A spokeswoman for Griffin, 50, told the FT on Tuesday that the billionaire had recently bought the mansion.
The spokesman added: 'It is an historic property with a spectacular location, extraordinary elegance and stunning gardens. It is truly a unique opportunity to own a home in London.'
It is thought the billionaire bachelor even got the 1820s home Grade II-listed home at a $39.2million discount, as for the past two years it has been on the market for $163.5million.
The house was sold by the luxury property developer Mike Spink, who bought it for $85.7million in 2012.
In November, Griffin paid a record $58.75m for the top four floors at 9 West Walton Street, known as No. 9 Walton, in Chicago.
The 25,000-square-foot space may require as much as another $20million to finish the build, according to CBS.
In addition to these lavish purchases, he also set the record for most money paid for a home in 2015 when he put down $60million for a Miami Beach penthouse.
Griffin has also spent some $250million buying up land where he plans to construct a mansion in Palm Beach, Florida.
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https://hienalouca.com/2019/01/24/hedge-fund-billionaire-pays-238million-for-a-24000-square-foot-penthouse-overlooking-central-park/
Main photo article Hedge fund billionaire Ken Griffin has completed the purchase of a penthouse on New York’s Central Park South for $238million – the most ever paid for a home in the United States.
The building, 220 Central Park South, is a residential skyscraper that is currently under c...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
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