Hedge Fund Tycoon May Be the Buyer of $200M Penthouse at 220 Central Park South
We first got wind of the potentially record-setting penthouse listing at 220 Central Park South back in March, when it was reported that the unit could sell for between $150 and $175 million. In June, sources said that a Qatari billionaire was looking to combine multiple apartments in the Robert A.M. Stern-designed building to create a $250 million mega-penthouse. Then last month, the Post speculated that another high-profile buyer was Ken Griffin, the billionaire hedge fun tycoon who is currently in the midst of a messy divorce from wife Anne Dias-Griffin (she’s asking for $1 million a month in child support). Now the paper reveals that it’s Griffin who’s looking to snatch up the $200 million+ penthouse in what’s being called the “billionaire’s bunker.”
The floor plan for Penthouse 76, via E.B. Solomont for The Real Deal
Griffin is currently battling his soon-to-be-ex wife over their homes in Aspen, Chicago, and 820 Fifth Avenue in Manhattan. However, a source told the Post that “Griffin is looking to combine multiple apartments [at 220 Central Park South] into one property. The deal is worth more than $200 million.” Though this price tag seems exorbitant, Griffin, who is the founder of Chicago-based Citadel, is worth $7 billion. And according to divorce papers, his gross income is close to $100 million a month, averaging more than $68.5 million in net income (the equivalent of $2.2 million a day).
Image courtesy of Desimone Engineering
The Billionaires’ Row tower is 69 stories–950-feet–tall and will offer 118 apartments ranging in price from $30 million to more than $160 million. Construction is underway, about 1/3 of the building is sold, and completion is expected for late 2016.
If the sale goes through at $200 million or above, it will bring the building’s total sellout to more than $2.4 billion. It will also far surpass the $150 million penthouse available at the Sony Building, as well as the $100 million sale at One57, the current record holder for most expensive unit ever sold in the city.
Stay up to date on listings at 220 Central Park South at CityRealty.
[Via NYP]
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