220 Central Park South

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220 Central Park South

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Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

Photo by Martti Salmi on Unsplash

March 13, 2024

Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

By Michelle Cohen

New York City’s most successful real estate agents make it their business to know the city’s highlights, hot spots, secrets, and specialties; many are NYC natives or longtime residents whose love for the city’s streets and avenues adds indisputable value to their career of choice. We’ve asked a few top agents to tell us about their favorite neighborhoods and share their views on what the city's future may hold. Read on for insights from Leslie Hirsch, an insider with an enviable view from Billionaires' Row.
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$80M penthouse sale at 220 Central Park South is one of year’s biggest deals

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons

August 21, 2023

$80M penthouse sale at 220 Central Park South is one of year’s biggest deals

By Aaron Ginsburg

One of New York City's best-selling condo buildings locked in one of the biggest deals of the year so far. An 8,000-square-foot duplex penthouse at 220 Central Park South on Billionaires' Row is selling for roughly $80 million, the Wall Street Journal first reported. The seller is linked to investment firm Nima Capital, which paid around $65.6 million for the property in October 2020.
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Real Estate Trends

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 24, 2022

Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

By Devin Gannon

Earlier this month it was reported billionaire Daniel Och sold his penthouse at 220 Central Park South for $190 million, roughly double what he paid for the home in 2019. While the identity of the buyer was unknown at the time, city records first reported last week by Bloomberg show Blue Pool Capital, the firm that manages some fortunes of Alibaba co-founders Joe Tsai and Jack Ma, paid $188 million for the property.
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Real Estate Trends

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

220 Central Park South. Photo by Jim.henderson (cropped) via Wikimedia Commons.

January 14, 2022

Billionaire Daniel Och sells 220 Central Park South penthouse for $190M

By Devin Gannon

Billionaire Daniel Och has sold his penthouse at 220 Central Park South for an astounding $190 million, nearly double the amount he paid for the home in 2019. As first reported by the Wall Street Journal, the sale marks one of the most expensive deals ever in New York. The buyer has not been disclosed.
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Real Estate Trends

Billionaire Joe Tsai revealed as buyer of $157.5M condos at 220 Central Park South

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

July 20, 2021

Billionaire Joe Tsai revealed as buyer of $157.5M condos at 220 Central Park South

By Dana Schulz

As was first reported by the Wall Street Journal in June, a buyer shelled out $157,500,000 for two units at 220 Central Park South. Property records showed the $82.5 million purchase of the 60th-floor unit and the $75 million purchase of the 61st-floor unit, both made using an LLC. But CNBC has now revealed that the buyer is billionaire Joe Tsai, Alibaba co-founder and owner of the Brooklyn Nets. The sale is the second biggest in New York City history and the third-largest ever in the U.S. The number-one spot occurred at the same Billionaires' Row tower, with billionaire Ken Griffin's $238 million purchase in early 2019.
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220 Central Park South is the best-selling NYC condo by a long shot

220 Central Park South as seen in May. Photo by Jim.henderson (cropped) via Wikimedia Commons

January 7, 2021

220 Central Park South is the best-selling NYC condo by a long shot

By Dana Schulz

In a year where the number of real estate sales dropped significantly in New York City, it was a few top-tier new developments that kept things afloat. According to the CityRealty 100 report—an index comprised of the top 100 condominium buildings in Manhattan—this includes closings in 15 Hudson Yards, The Park Loggia, and Waterline Square. It also includes 220 Central Park South, which accounted for the top 22 sales during the 12 month period of this report and had a total of $1.52 billion in cumulative sales in 46 units.
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Real Estate Trends

December 2, 2020

VOTE for 6sqft’s 2020 Building of the Year!

By Emily Nonko

It goes without saying that 2020 has been an unpredictable, challenging year. This March, COVID-19 brought New York City to a standstill, from the city's bustling street life to the plethora of construction projects that defined the prior year. The pandemic quickly changed the way we live and build, but ultimately didn't stop New Yorkers from doing either. The city is still a place with bold new construction projects, glittering towers and mega-developments, unique and creative amenities -- especially to respond to a year sticking close to home. 2020 brought the introduction of a new public park inside an Upper West Side mega-development, multi-million dollar condo sales along Billionaire's Row, the restoration of a classic NYC landmark, and impressive new architecture that promises to shape our ever-changing skyline. Our picks are down to 12 of the most notable residential structures this year. The only question is: Which do you think deserves 6sqft’s title of 2020 Building of the Year? To have your say, polls for our sixth annual competition will be open up until midnight on Sunday, December 13 and we will announce the winner on Monday, December 14.
Cast your vote!

New Developments

August 20, 2020

New York City’s top 30 condos

By 6sqft

From supertall new developments and projects by some of the world's most famous architects to historic landmarks brought into the 21st century, 6sqft has rounded up the best condo buildings in New York City. Ahead, find out which condominiums made the list and what you can expect in terms of views, amenities, neighborhood, and more.
Read on for a guide to the city's top condo addresses

$100M penthouse closes at 220 Central Park South, third-most-expensive NYC sale ever

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons

July 28, 2020

$100M penthouse closes at 220 Central Park South, third-most-expensive NYC sale ever

By Dana Schulz

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons As of July 1, 2020, the average price per square foot for a New York City condo came in at $1,110, according to CityRealty. But this duplex penthouse at 220 Central Park South sold for a whopping $12,164 per square foot. First spotted by The Real Deal and confirmed in city property records, PH 76 at the Billionaires' Row tower just closed for $99,903,375, making it the third-most-expensive sale ever, behind billionaire Ken Griffith’s $238 million purchase also at 220 CPS in early 2019 and Michael Dell’s $100 million buy at One57 in 2015. The sale takes the number-three spot from a $92.7 million sale at 220 CPS, which sold in late 2019 to billionaire hedge-funder Daniel Och.
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Real Estate Trends

Ultra-high-end sales defined the 2019 real estate market

Looking north towards Billionaires’ Row in early October © 6sqft

December 27, 2019

Ultra-high-end sales defined the 2019 real estate market

By Dana Schulz

Throughout the year, there was much speculation that the real estate market was on a decline, but according to CityRealty's annual Manhattan Year-End Report, ultra-high-end sales continue to keep the market strong. On par with 2018's 228 sales, this year saw 221 sales at $10 million or more, totaling $4.6 billion, up from last year's $4.2 billion. As CityRealty tells us, this is "largely due to big-ticket purchases near the southern end of Central Park, most notably at 220 Central Park South," which accounts for one-third of that total, as well as a glut of new development condos coming online.
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Real Estate Trends

NYC’s third-priciest apartment ever just sold at 220 Central Park South for $92.7M

Via Vornado Realty Trust and Robert A.M. Stern Architects

December 17, 2019

NYC’s third-priciest apartment ever just sold at 220 Central Park South for $92.7M

By Dana Schulz

Despite some trepidation about the luxury sales market, the year is finishing strong, at least near Billionaires' Row, which was just named the most expensive street in the entire world. As the NY Post first reported, property records filed today show a $92.7 million penthouse sale at 220 Central Park South, making it the third-most-expensive NYC sale ever, behind billionaire Ken Griffith’s $238 million purchase also at 220 CPS in early 2019 and Michael Dell's $100 million buy at One57 in 2015. Though it was purchased by an anonymous LLC, the Wall Street Journal uncovered that billionaire hedge-funder Daniel Och is the buyer.
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Real Estate Trends

December 17, 2019

Billionaire’s Row tops list of most expensive streets in the world

By Alexandra Alexa

A new study of the top "ultra-prime" locations in the world dispels any doubt that Billionaire's Row is living up to its name. London-based property consultancy Knight Frank, along with Douglas Elliman, looked at the number of homes sold for over $25 million since 2015 and found the greatest concentration along Midtown's 57th Street, where 41 transactions have been closed in the last five years at an average price of $38.5 million. Manhattan cracked the top ten three more times, with Central Park South coming in third, followed by Park Avenue and Fifth Avenue in fourth and seventh place.
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Real Estate Trends

NYC’s third $100M+ real estate deal closes at 220 Central Park South

Image courtesy of Vornado Realty Trust and Robert A.M. Stern Architects

December 13, 2019

NYC’s third $100M+ real estate deal closes at 220 Central Park South

By Alexandra Alexa

A penthouse at 220 Central Park South has sold for $100 million to an undisclosed buyer, the Wall Street Journal reports. The Billionaire's Row transaction is only the third nine-figure deal to close in New York City, following hedge-fund executive Ken Griffin’s whopping $240 million purchase in the same building earlier this year (the most expensive home ever sold in the U.S.) and tech mogul Michael Dell’s $100.47 million penthouse at nearby One57, which closed in 2014.
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Real Estate Trends

December 12, 2019

NYC’s 11 best starchitect-designed buildings that you can live in

By Lidia Ryan

The Empire State Building, the Chrysler Building, One World Trade Center: all buildings that instantly come to mind when you think of the iconic New York City skyline. But more and more new skyscrapers are beginning to pop up in that classic view. And while it’s likely many an architects' dream to contribute a design to the most famous skyline in the world, only a handful of world-renowned "starchitects" get to do it. Ahead, 6sqft has rounded up 11 starchitect-designed condo buildings that you can actually live in, from veterans like Robert A.M. Stern and Renzo Piano to some more up-and-comers like David Adjaye and Bjarke Ingels.
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December 5, 2019

VOTE for 6sqft’s 2019 Building of the Year

By Emily Nonko

If you had to boil it down, 2019 has been an important year for advancing the city's most noteworthy residential projects. Perhaps no news was more important than the official opening of Hudson Yards, which introduced a collection of sleek towers to the Manhattan skyline. (Two Hudson Yards buildings, 15 and 35 Hudson Yards, have made this list.) But that still didn't overshadow other glittering towers now transforming the skyline: the world's tallest residential tower at Central Park Tower, the most expensive residential sale in the country at 220 Central Park South, and the highest infinity pool in the Western Hemisphere at Brooklyn Point. It's been a year of construction progress, eye-popping sales prices, and exceptionally luxurious apartments and amenities behind unique facades. Our picks are down to 12 of the most notable residential structures this year. Which do you think deserves 6sqft’s title of 2019 Building of the Year? To have your say, polls for our fifth annual competition will be open up until midnight on Friday, December 13th and we will announce the winner on Monday, December 16th.
Cast your vote!

New Developments

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