What's been touted for months as New York City's most expensive condo is finally here. Vornado Realty Trust has revealed plans for a four-floor apartment at 220 Central Park South, and it will cost a jaw-dropping $250 million, The Real Deal reports.
If it sells for the asking price, it will handily surpass the record set by the $100.5 million sale of a penthouse at One57 last year. The gigantic apartment will be located on floors 50-53 of the Robert A.M Stern-designed building. To create the mammoth offering, Vornado combined a 11,000 square-foot duplex on the 50th and 51st floors along with three apartments on the floors above.
This combined unit is now adding to fuel to the rumors that hedge funder Ken Griffin was looking to purchase an apartment at the building for upwards of $200 million, as well as interests expressed by a Qatari buyer, according to TRD.
Vornado has also rejigged a few other apartments in the building, including four penthouses — of those, at least two are asking $100 million, according to TRD.
Now, the 66-story building contains 116 apartments, and is expected to have a total sellout of $3.17 billion. The move to create the $250 million apartment is also in contradiction of the recent trend of developers breaking up apartments in the face of the luxury market slowdown.
- 220 CPS officially has a $250M mansion in the sky: PHOTOS [TRD]
- $100 Million One57 PH Officially Closes, Breaks NYC Record [Curbed]
- All the 220 Central Park South Coverage [Curbed]