https://www.nytimes.com/2019/03/01/r...o-fill-up.html
Manhattan’s New Luxury Skyscrapers Continue to Fill Up
Last month, 70 Vestry Street and 220 Central Park South had the most expensive residential closings, though both were dwarfed by the record $240 million sale in January
By Vivian Marino
March 1, 2019
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Sky-high closings continued in February at 220 Central Park South, 520 Park Avenue and 70 Vestry Street, the limestone high-rises designed by Robert A.M. Stern Architects that are among Manhattan’s most expensive and talked-about new residences.
Four sponsor apartments in these buildings sold to anonymous buyers for more than $30 million apiece, and one for more than $20 million — staggering prices for mere mortals, though they pale in comparison to the nearly $240 million that the hedge fund manager Kenneth Griffin paid for four floors at 220 Central Park South earlier this year.
New York City’s biggest closing in February was an apartment on the 12th floor of 70 Vestry in TriBeCa that sold for nearly $39.3 million.
At 220 Central Park South, between 58th and 59th Streets, an apartment on the 35th floor was acquired for $33.5 million, while another on the 39th floor sold for $22.8 million.
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Two penthouses sold at 520 Park, at 60th Street. One, on the 51st floor, closed for $32 million. Another, on the 59th, was bought by the banker Robert Diamond and his wife, Jennifer Diamond, for $30.1 million.
A few blocks away at 432 Park Avenue, the supertall residential tower near 57th Street that accounted for many of the top sales in 2018, a 95th-floor penthouse sold for $30.7 million, a hefty reduction from its $41.25 million asking price. The 3,952-square-foot unit has three bedrooms and three and a half baths.
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At 220 Central Park South, one of the closed apartments was No. 35A, a 4,184-square-foot unit with five bedrooms and five baths. It sold for $33.5 million.
The developer, Vornado Realty Trust, had originally sought $30 million for the unit, according to the initial offering plan filed with the New York attorney general’s office. Vornado later raised the price to $34.5 million in a plan amendment, which listed the monthly carrying costs at nearly $18,000.
The other recently closed unit, 39A, at $22.8 million, has three bedrooms and three baths with 3,114 square feet.
As with 70 Vestry, the buyers’ identities for both units were shielded through limited liability companies — a common practice for those purchasing in the 65-floor skyscraper (and most other high-profile buildings). Some buyer names, though, have trickled out, among them the hedge fund manager Daniel Och, as well as the musician Sting and his wife, Trudie Styler, and, of course, Mr. Griffin.
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In a quarterly earnings call with financial analysts in mid-February, Vornado’s chief executive, Steven Roth, said that all 27 of the full-floor simplexes at 220 Central Park South have closed or are under contract. The project has an estimated sellout of $3.4 billion.
The two penthouses that sold at 520 Park were near the top of the 54-story building, which was developed by Zeckendorf Development.
The more expensive, and larger, of these two penthouses, unit No. 51, has 4,628 square feet and is configured with three bedrooms and five baths. It was purchased through a limited liability company for $32 million.
Penthouse No. 59, which sold for $30.1 million, has 4,322 square feet, with three bedrooms and three and a half baths. Mr. Diamond, the buyer, is the former chief executive of Barclays.
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