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Penthouse on Billionaires’ Row in New York City Sells for $72 Million

The full-floor unit at 220 Central Park South is one of the priciest homes to sell this year

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New York City’s 220 Central Park South.

KAT MALOTT/THE WALL STREET JOURNAL 
New York City’s 220 Central Park South.
KAT MALOTT/THE WALL STREET JOURNAL

In one of the year’s priciest real estate deals, a penthouse at New York City’s 220 Central Park South has sold for $72 million, records show.

The full-floor unit is just over 5,000 square feet with three bedrooms and a roughly 312-square-foot terrace, according to the building’s offering plan. The unit wasn’t officially on the market.

The identity of the buyer couldn’t be determined. The buyer also paid $3 million for a smaller unit in the building.

The Billionaires’ Row tower currently holds the record for the priciest sale in the U.S. Hedge-funder Ken Griffin purchased a penthouse for roughly $238 million in 2019, . Earlier this year, billionaire investor Dan Och sold a penthouse in the building for $188 million, roughly double what he paid for it in 2019. The buyer was co-founder and Brooklyn Nets owner Joseph Tsai.

Designed by Robert A.M. Stern Architects, the tower is clad in Alabama Silver Shadow limestone, and has amenities like a pool, athletic club and private restaurant. 

A spokesman for Vornado wasn’t immediately available for comment. Deborah Kern of the Corcoran Group, who leads sales at the building, declined to comment.

In New York and markets across the country, the luxury market has since last year. The number of Manhattan luxury sales dropped 18.3% during the third quarter from the prior year, according to real estate appraisal firm Miller Samuel. The median price for the luxury segment rose 4.5% year-over-year.

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