BILLIONAIRE KEN GRIFFIN PAYS RECORD $238M FOR MANHATTAN APARTMENT

blog header image

Posted : 19 Feb 2019 at 17:15:11
Category: News

Share this article

A Manhattan apartment has just been sold for $238m (£183m) - the most expensive home ever sold in the US.

The property, in the luxury 220 Central Park South building, has four floors and - naturally - overlooks the famous New York park.

The buyer is billionaire Ken Griffin, founder of the hedge fund Citadel.

Mr Griffin, 50, also made headlines on Monday for buying another high-priced property - a $124m house near Buckingham Palace in London.

He already holds records for buying the most expensive apartments in Miami, which he bought for $60m in 2015, and in Chicago, which he spent almost $59m on last year.

The billionaire also owns three other luxury homes in Chicago, six in the Palm Beach area of Florida, and two homes in Hawaii.

Before he bought the Central Park flat, the most expensive home in the US was a house in East Hampton that was sold for $137m in 2014.

Apartments in 220 Central Park South seem to be selling relatively quickly, despite slumps in the luxury property market in New York.

In October last year, Vornado Realty Trust disclosed that the building was about 83% sold.

Tong Tong Zhao, the founder of a Shanghai-based hotel management company, has bought a two-bedroom flat on the building's 27th floor for $13.5m.

The musician Sting and his wife Trudie Styler are also reportedly buying an apartment in the building.

The 66-storey skyscraper was designed by the US architect Robert A M Stern, and is located on a street appropriately named Billionaire's Row.

LATEST SIMILAR NEWS

NHS BOSS: TAX BILLS COULD MEAN 'LOSS OF 60 DOCTORS'
Posted on: 22 Jul 2019 at 10:47:09
A major NHS trust could lose the equivalent of 60 consultants because of doctors' refusal to work overtime, its chief executive fears.Dr David Rosser, of University Hospitals Birmingham, said pension tax changes mean consultants fear extra earnings will trigger large bills.One senior doctor covered...
CROOKED CONSTRUCTION BOOKKEEPER JAILED FOR THREE YEARS
Posted on: 08 Jul 2019 at 08:22:07
A woman who together with her daughter stole £100,000 from a Cambridgeshire cladding contractor has been jailed for more than three years.Hayter will be the subject of a Proceeds of Crime Act hearing next weekNicola Hayter, of Ely, worked as a bookkeeper for construction company Retrofit UK from 200...
MAKE LATE PAYMENT AFTER AGREED TERMS IN CONSTRUCTION A CRIME & SUBJECT TO A FINE
Posted on: 25 Jun 2019 at 11:18:05
A Construction Agency called Lionheart Group and have been on the receiving end of bad/late payers on a number of occasions and have started this Petition.What are you thoughts? Do you agree or do you not? Have you been on the end of a client not paying and as a result experiencing a loss?https://pe...
TAX GAP REMAINS LOW
Posted on: 20 Jun 2019 at 14:28:22
The Tax Gap for 2017/2018 is 5.6%, HM Revenue and Customs (HMRC) confirmed today.This means that HMRC collected 94.4% of all the tax due under the law in 2017/2018. Overall, the tax gap has fallen from 7.2% since 2005/2006.The tax gap is the difference between the amount of tax that should, in theor...
BRITISH CONSTRUCTION COMPANY KIER IS SET TO CUT 1,200 JOBS
Posted on: 18 Jun 2019 at 07:59:16
British construction company Kier is set to cut 1,200 jobs and suspend its dividend for at least two years. The firm, which holds contracts with council rubbish collection and the UK's high speed rail project, is also selling its house building and property businesses, and says it wil...
CONGRATULATIONS TO THE LE MANS INTER EUROPOL COMPETITION TEAM
Posted on: 17 Jun 2019 at 09:05:43
CONGRATULATIONS to Inter Europol Competition finishing this years #LeMans #24Hours.Well done to James Winslow Racing, Kuba Smiechowski and Nigel Moore. Great Racing Boys!Proudly sponsored by Genius Money!