America’s Most Expensive Home Was Just Sold for $238 Million

[YSL]

America’s Most Expensive Home Was Just Sold to Billionaire Ken Griffin for $238 Million

The hedge funder completed his record-setting purchase of 220 Central Park South, a high-rise building designed by Robert A.M. Stern Architects

https://www.architecturaldigest.com/...re-ken-griffin

[BrownTown]

Not exactly a "house".

[Crawford]

If it were a "house" (a SFH mansion), at that location, would probably go for multiples more.

[bnk]

This Chicago Billionaire, Ken Griffin, has the largest real estate profile in the entire country if not the world. He has multiple residences in multiple states all over the country.

And some overseas too.

This is just a drop in the bucket for him.

https://www.nytimes.com/2015/10/04/b...ing-spree.html

http://time.com/money/5098696/ken-gr...ionaire-homes/


[QUOTE=YSL;8447000]

Originally Posted by YSL

While the $238 million price tag is staggering, it pales in comparison with the amount Griffin paid for two paintings, one by Jackson Pollock and the other by Willem de Kooning. In 2016, the billionaire spent a total of $500 million ($200 million for the Pollock and $300 for the de Kooning) for a pair of works by the famous abstract expressionist artists.]

rich h
https://www.architecturaldigest.com/...re-ken-griffin

That's more than couch money.

" There is a difference from wealthy people and the real rich. The extremely rich have more money"

Do guys like Bezos and this guy really need so much? Bezos is famous for his deplorabe working conditions hiring temps to avoid healthcare and setting a low pay scale with a high turnover burn rate among the worker bees in his new Mail order Sears company.



300M for a paint splash from Pollock is insane. There may come a day when taking Billionaires and soon to be Trillionaires will be taken hostage taking over their private walls and personal security. Could even come from an inside job.


The wealth disparity now days makes the gilded era blush.

At least back than those multi millionaires gave a large fortune of their wealth away before and after they passed, likely fearing the wrath of their god. I think Griffin and Bezos are going to take it with them and create an ala Chinese terracotta army of servants and burn the living ones with them in their funeral pyre sati like. Inside an edifice larger than the great Khufu pyramid.

https://www.youtube.com/watch?v=4c_ADqshdSA

[BrownTown]

Originally Posted by bnk

Do guys like Bezos and this guy really need so much? Bezos is famous deplorable working conditions hiring temps to avoid healthcare and setting a low pay scale with a high turnover burn rate among the worker bees in his new Mail order Sears company.

Obviously nobody needs even 1% of that much, but it's all about who has the biggest dick (or more accurately who has the SMALLEST dick and needs the most stuff to compensate for it).

[Gresto]

This guy and people like him are an obscenity in human form.

[The North One]

lol New York real estate is a mess.

[SIGSEGV]

That's like twenty times as much he donated to the Chicago lakeshore path bike-ped separation.

[Crawford]

Well, maybe he got a "deal". The PSF price (just under 10k psf) was actually lower than trophy units in comparable units (which have topped 13k psf in recent years). The unit was so expensive because it's enormous.

Also, the asking was $250 million, so apparently he got $12 million "off".

[Sun Belt]

Originally Posted by bnk

Do guys like Bezos and this guy really need so much?

Yes. Bezos needs to get us to Mars so we can grow potatoes.

We're going to terraform Mars, make it livable with a stable atmosphere because we are incapable of terraforming the Earth!

[McBane]

Who's not laughing? New York City. I'm not into math but the RE transfer tax on this puppy netted the city a very nice infusion of cash. Perhaps 2 or 3 drops in the bucket. The realtor, a mere mortal millionaire, did very well for himself/herself as well.

[iheartthed]

These 9 figure prices for residential real estate are always a head scratcher. The list of people he could ever sell that to is pretty short.

[bnk]

He's not even going to live there. It isn't even considered a second home but more like a place he will use occasionally. I guess the next thing for him is a several Billion dollar mega yacht and a few 747-800's.






The sale has not yet hit city records, but a rep for Citadel, the hedge fund that Griffin founded, confirmed the sale to the WSJ. According to the rep, Griffin is seeking “a place to stay when he’s in town” as Citadel expands its New York City presence.

Yes, you read that right—his 24,000-square-foot penthouse is essentially a $238 million pied-à-terre. (Maybe he’ll Airbnb it?)




https://ny.curbed.com/2019/1/23/1819...th-record-sale




"The purchase is the latest in a string of record-breaking acquisitions by the Citadel hedge fund founder. Earlier this year, Mr. Griffin bought several floors of a Chicago condominium for $58.75 million, setting a record for the most expensive home ever bought in that city. He snapped up a penthouse in Miami Beach’s Faena House in 2015 for $60 million, setting the record for a Miami condo. Since 2012, Mr. Griffin has spent close to $250 million assembling land to build a mansion in Palm Beach, Fla., according to public records. And earlier this month, he acquired a London home for about $122 million in one of the priciest deals ever done in that city, according to people familiar with that deal."

Griffin has spent more than $728 million on residential real estate over the past 7 years. This year alone, Griffin has spent $360 million!

Bezos could spend this much a hundred times over if he could liquidate his wealth.

[iheartthed]

Originally Posted by bnk

Yes, you read that right—his 24,000-square-foot penthouse is essentially a $238 million pied-à-terre. (Maybe he’ll Airbnb it?)

They have to say that so he can avoid paying city residency tax.

[BrownTown]

As a skyscraper enthusiast I always find it depressing that you have these beautiful buildings and yet hardly anyone even lives in them. Seems like such a waste.

[Crawford]

Originally Posted by bnk

He's not even going to live there. It isn't even considered a second home but more like a place he will use occasionally.

His ex-wife and kids live in Manhattan, so it will probably get use. And Citadel has a major presence in NYC.

[Vlajos]

Originally Posted by Crawford

His ex-wife and kids live in Manhattan, so it will probably get use. And Citadel has a major presence in NYC.

He has some kids living in Chicago or the kids go back and forth. I see him with a kid at the soccer league one of my sons is in frequently. Including last weekend.

[YSL]

Originally Posted by Crawford

Well, maybe he got a "deal". The PSF price (just under 10k psf) was actually lower than trophy units in comparable units (which have topped 13k psf in recent years). The unit was so expensive because it's enormous.

Also, the asking was $250 million, so apparently he got $12 million "off".

He got $12m off because he bought the apartment as an empty shell. He will have to spend tens of millions building out the space to his liking

[Centropolis]

christ, what does this do to the tax assessments in the area...

[Gantz]

Originally Posted by Sun Belt

Yes. Bezos needs to get us to Mars so we can grow potatoes.

We're going to terraform Mars, make it livable with a stable atmosphere because we are incapable of terraforming the Earth!

We are terraforming the Earth just fine... polar bears are almost brown now!