Billionaire Ken Griffin bought three entire floors of a new condo tower under construction in midtown Manhattan for $200 million. It's the most expensive real estate deal in U.S. history. The triplex located on mid-level floors of the 65-storey building at 220 Central Park South, includes a main residence as well as units for household help, staff and guests. Total units are more than 18,000 square feet.
It was reported earlier that Griffin bought the penthouse of the new building, but sources said that the information was incorrect. The purchase by Griffin of the three floors of the condo tower is an expansion in New York for the Chicago-based Griffin and his Hedge fund.
CNBC said that the new triplex is an investment of Ken Griffin rather than a residence. Either way, Griffin wouldn't be moving to Central Park anytime soon, as the building is scheduled to be finished at the end of 2016 or early 2017. The famed architect Robert Stern designed the 950-foot tower, which has become the "it'' building among global billionaires looking for status pads in Manhattan.
Rumors of the major purchase by hedge funder Ken Griffin in 220 Central Park South have been widely spread the past few weeks, but it still remains a rumor. Although Griffin's purchase is not confirmed, CNBC came out with some particulars about the deal that will make it more legit. Sources say that Griffin has bought three floors in the mid-section of the 65-storey building for the price of $200 million. The price will set a new record as the most expensive condo purchase in New York City, and would double the current record-holder of a $100.5 million deal at One57.
According to NY Curbed, although Griffin's condo property may be easy to write off as a result of a billionaire's mid-life crisis, sources say that the apartment is a real estate investment rather than a residential pad for Griffin.
