220 central park south

An unknown buyer bought a $99.9 million penthouse on New York City’s Billionaires’ Row last week, The Real Deal reported.
220 Central Park South is a brand-new luxury tower just south of Central Park in Manhattan.
It’s the same building where hedge-fund billionaire Ken Griffin last year spent $238 million on a penthouse in the most expensive home sale in US history.
Other wealthy buyers at 220 Central Park South include hedge-fund manager Daniel Och, singer Sting and his wife, hedge-fund executives Richard Leibovitch and Andrew Zaro, and Brazilian construction heiress Renata de Camargo Nascimento.
The tower has seen several other major sales during the coronavirus pandemic, including three sales over $50 million each in April.
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An unknown buyer just dropped $99.9 million on a penthouse in one of New York City’s most coveted luxury buildings, The Real Deal reported.

The 76th-floor penthouse at 220 Central Park South was listed for $108 million and has four bedrooms, as well as almost 850 square feet of outdoor space, per The Real Deal. The purchase, which closed on July 23, was made through a limited partnership called 76CPS LP and first went into contract in May 2017, according to public records.

220 Central Park South, which is scheduled to be completed later this year, sits on Billionaires’ Row, an area just south of Central Park in Manhattan that’s home to some of the city’s priciest real estate. In January 2019, hedge-fund billionaire Ken Griffin spent $238 million on a penthouse in the building in the most expensive home sale in US history.

Condos at 220 Central Park South have continued to sell despite the economic slowdown due to the coronavirus pandemic.

At the end of March, a 62nd-floor unit closed for about $52 million, StreetEasy shows. And April saw three major sales of $51 million, $53.6 million, and $56.3 million. Earlier in July, a 64th-floor condo sold for nearly $54 million and a 68th-floor unit went for $55.5 million.

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A legendary architect and a bevy of ultra-wealthy residents

The luxury tower has no shortage of millionaire and billionaire buyers.

Last December, hedge-fund manager Daniel Och, who’s worth $3.2 billion, picked up a penthouse for about $95 million. In July 2019, singer Sting and wife Trudie Styler bought a $67.5 million penthouse, Curbed New York reported. And Brazilian construction billionaire Renata de Camargo Nascimento purchased a $30.19 million unit in January 2019. Hedge-fund executives Richard Leibovitch and Andrew Zaro have also bought in the building.

The billionaire-favorite 220 Central Park South was designed by acclaimed New York architect Robert A.M. Stern, the 80-year-old founding partner of Robert A.M. Stern Architects, or RAMSA, an award-winning firm of 265 architects and interior designers.

Stern has designed several other prestigious New York buildings, including 15 Central Park West, the building that’s home to Wall Street CEOs and celebrities and has been called “the world’s most powerful address” and 520 Park …read more

Source:: Business Insider


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