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The 5 most expensive condo sales in 2019

Sarah Paynter
Reporter
The exterior of 220 Central Park South is pictured. Photo credit: Compass.

The U.S.’s most expensive condo sales this year all came from the same small island: Manhattan. 

Ken Griffin, founder of Chicago-based investment firm Citadel, started off the year breaking records with the most expensive residential purchase ever in the U.S., while another January condo transaction managed to remain anonymous. Some famous names, like Jeff Bezos, founder, CEO and president of Amazon, and Sting, English musician and actor, also topped the list with purchases this summer. 

View from 220 Central Park South. Photo credit: Compass.

Jonathan Miller, president and CEO of Miller Samuel, Inc., a New York City-based real estate appraisal and consulting firm, identified the five priciest condo sales in the U.S. in 2019. The luxury homes ranged from 5,807 to 30,000 square feet, and four of the five have views of Central Park. Three of the top five sales came from 220 Central Park South, a new luxury condominium project developed by New York City-based Vornado Realty Trust. The $1.4 billion project was designed by Robert A.M. Stern and was completed in late 2018. The 118-unit, 65-floor tower with views of Central Park sits behind a shorter, “Villa” section — a more intimate, 10-unit, 18-floor, street-facing structure. Amenities in the Alabama Silver Shadow limestone building include a juice bar, a golf-simulator room, a communal terrace and a Jean-Georges Vongerichten restaurant. 

1. 220 Central Park South, PH 50-53 

A 220 Central Park South condo is pictured. Photo credit: Compass.

Sale price: $239,958,219 

Closing date: January 2019 

This record-breaking 23,816-square-foot, four-floor condo in midtown Manhattan was the most expensive residential home ever sold in the U.S. It was purchased by Griffin at a $10 million discount from its asking price.

The purchase was part of the billionaire’s luxury home shopping spree across the globe. Griffin also purchased million-dollar properties in London and Palm Beach, Florida early this year. In October, Griffin bought two more condos in the building. 

2. 212 Fifth Avenue, PH/21A/21B  

Sale price: $81,000,000 

Closing date: June 2019

Bezos combined a penthouse and two other units for this sprawling 17,000-square-foot home. One of New York City’s first skyscrapers, the neo-Gothic property was built in 1912 as a manufacturing building. The fully restored and rehabilitated tower was converted into condos in 2016. The Fifth Avenue penthouse is the only one on this list without views of Central Park, but it does sit on the edge of Madison Square Park.   

The purchase came on the heels of Bezos’ divorce from his long-time wife MacKenzie Bezos and Amazon’s decision not to build its second headquarters in Long Island City, Queens. Earlier this month, Amazon announced it will lease space in Hudson Yards, establishing its presence in New York City after all.

3. 220 Central Park South Villa PH

A 220 Central Park South condo is pictured. Photo credit: Compass.

Sale price: $65,750,000 

Closing date: July 16, 2019

Sting purchased this 5,807-square-foot penthouse in midtown Manhattan — tiny compared to the other sales. It’s technically not quite mansion-sized, by Realtor.com’s 8,000-square-foot definition. 

While the sale closed in July 2019, it went under contract in June 2016. Sting reportedly sold his 15 Central Park West condo for $50 million last year before closing on this condo.

4. 520 Park Avenue, PH54

A 520 Park Avenue condo is pictured. Photo credit: Compass.

Sale price: $64,250,000  

Closing date: January 2019

An anonymous buyer associated with New York paper products manufacturer First Quality purchased this 9,138-square-foot Upper East Side penthouse, according to reports

The penthouse with views of Central Park sits in another Robert A.M. Stern-designed limestone tower, this one built in 2018. The anonymous buyer’s neighbors will include at least 11 other anonymous buyers and James Dyson, founder and CEO of UK-based vacuum cleaner manufacturer Dyson Ltd., according to reports. 

5. 220 Central Park South, 49A 

220 Central Park South is pictured. Photo credit: Compass.

Sale price: $64,149,750  

Closing date: October 2019

K & J Assets, an anonymous LLC linked to an address in Hong Kong, purchased this five-bedroom, six-bathroom condominium this fall. The 6,591-square-foot home is another in the list of pricey 220 Central Park South sales this year.

Sarah Paynter is a reporter at Yahoo Finance. Follow her on Twitter @sarahapaynter

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