Why is this super tall tower the most expensive real estate in New York?

Why is this super tall tower the most expensive real estate in New York?

2019 marks the end of the Vornado Realty Trust’s 70-story record at 220 Central Park West as the most expensive home ever sold in the United States: Hedge fund billionaire Ken Griffin bought a four-story penthouse in 2019 for $238 million . Limestone. -The ultra-luxury gated estate (which has 118 apartments, most of them duplexes) has also seen units sold at impressive bonuses in the last 12 months, in part because it’s the only billionaire building next to Central Park.

$188 million

After buying a 9,800-square-foot penthouse (plus the ground floor one-bedroom unit) for around $95 million in 2020, hedge fund billionaire Daniel Och sold the property in December for a staggering $188 million, almost doubling your property. I pay for them. It was later revealed that the buyer was Alibaba Group co-founder and Brooklyn Nets owner Joseph Tsai.

US$ 157.5 million

Last June, an anonymous seller, who bought two entire floors (levels 60 and 61) for $102.3 million in 2020, traded them in for a total of $157.5 million. ᲛBuyer? Just like the sky.

$66 million

In September 2021, an unknown buyer invested $66 million in two separate units (duplex and studio), paying about $15.6 million more than the previous owner who purchased the property just a year earlier. (The buyer’s neighbors include Sting, who bought the penthouse in 2019 for $65.75 million.)

$33 million

Also in September, Arel Capital financier Richard Leibovich sold a 3,700-square-foot apartment on the 31st floor for $33 million. He paid $26 million for the unit in December 2018, up 21% in less than three years.

The story first appeared in the May 17 issue of The Gossipify. Click here to subscribe.

Source: Hollywood Reporter

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