Priciest Home in the U.S. Sells for $238M - Real Estate, Updates, News & Tips

Priciest Home in the U.S. Sells for $238M

A hedge fund billionaire is on a real estate purchasing spree. Ken Griffin, founder and CEO of Citadel, purchased the most expensive home ever sold in the U.S.—a New York penthouse overlooking Central Park—for $238 million. 

Griffin’s latest purchase solidifies his love for real estate, adding to his other $700 million in global real estate purchases. Griffin is becoming known for his real estate record deals—he has also purchased the most expensive homes in Chicago and Miami. He spent more than $200 million to buy land in Palm Beach, Fla., to build a home on the site. He also recently purchased a $122 million home in London, the city’s priciest sale in the last 10 years.

Griffin’s New York megapurchase covers four full floors of a new 79-story condo tower, 220 Central Park South. He purchased about 24,000 square feet. The property boasts views of Central Park.

Tal and Oren Alexander of the Alexander Team at Douglas Elliman represented Griffin in the sale. The Corcoran Group represented Vornado Realty Trust, the builder’s developer.

Griffin’s latest purchase for the $238 million penthouse easily tops the previous record for the priciest home ever sold in the U.S. In 2014, hedge fund manager Barry Rosenstein purchased an estate in East Hampton, N.Y., for $147 million, which was the previous U.S. record.

Source: “Billionaire Ken Griffin Buys New York Penthouse for $238 Million, the Most Expensive U.S. Home Ever Sold,” CNBC (Jan. 23, 2019)