There are a lot of listings waiting in the wings to be part of the nine-digit club: the Woolworth Building's $110 million penthouse. 520 Park's $130 million penthouse. The Sony Building's $150 million penthouse. But the crown jewel of 220 Central Park South may best them all. The Real Deal reports that the penthouse in the Vornado-developed, Robert A.M. Stern-designed tower will ask a staggering $150 to $175 million. The mind-numbing figure comes from a source close to the development. The development's offering plan, recently filed with the Attorney General, does not list prices for the six penthouses, but it provides pricing intel for the bulk of the units.
Prices listed on the offering plan are not finalized, but they give a clear sense of just how insanely expensive this building will be. There will be a total of 118 units, housed in a 69-story that fronts on 58th Street, and a 14-story villa on Central Park South. Ninety-three units are listed in the offering plan, and prices average $7,374 per square foot. Of the 83 tower units listed, the least expensive pad is a two-bedroom, 2,400-square-foot home asking $11.95 million (remember, this is the least expensive unit listed). Ten villa units are listed, with prices starting at $32 million for a 4,000-square-foot three-bedroom.
The most expensive unit in the offering plan comes in at $60 million. It's a 49th-floor, 6,591-square-foot home with four bedrooms, a library, and two balconies. An 11,090-square-foot duplex with a 812-square-foot terrace on the 50th and 51st floors will supposedly ask more than $110 million.
Storage units will be available for purchase start at $111,000, parking spaces will cost $750,000, and "suite units" (assuming these are guest or staff apartments?) will also be available for purchase.
Work is currently ongoing at the site, but it will be several more years before these wildly expensive homes become a reality. The property, acquired by Vornado way back in 2005, could be considered a microcosm of the city's real estate landscape: It was once home to a rent-regulated apartment building, and now it will hold the most expensive homes in the entire city.
· Revealed: Prices, Floorplans at Vornado's 220 CPS [TRD]
· All 220 Central Park South coverage [Curbed]