The deal at 220 Central Park South marks one of the city’s most expensive residential trades ever
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Two condos at New York’s 220 Central Park South have sold for a combined approx. $203 million (US$157.5 million). It is one of the city’s priciest residential transactions of all time.
Property records show a buyer paid approx. $106.3 million (US$82.5 million) for a unit on the 60th floor and approx. $96.6 million (US$75 million) for the floor above. The purchase was made through a limited-liability company; the identity of the buyer couldn’t immediately be determined.
Both units are resales and the sellers, whose identities were also shielded by limited-liability companies, made significant profits. Last year the lower level traded for US$50.9 million, while the upper level sold for US$51.4 million, records show.
The mega-tower currently holds the record for the priciest sale in the U.S. In 2019, hedge funder Ken Griffin purchased a penthouse for roughly US$238 million, The Wall Street Journal reported.
Designed by Robert A.M. Stern Architects, 220 Central Park South has attracted other high-profile buyers including Daniel Och of Och-Ziff Capital Management and musician Sting and his wife Trudie Styler.
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The imposing stone structures, with towers, turrets and a hot tub room, lord over the landscape near the mountain resort town of Sandpoint.
2 min
Idaho is not a place that’s often associated with Medieval castles, but a pair have just hit the market for $6.25 million.
The imposing stone structures have towers, turrets, ramparts, arrow-slit windows and even a drawbridge, and might just be the most authentic-looking castles this side of the Atlantic.
“Who expects to see a castle like this in Idaho?” said listing agent Brenda Burk of Coldwell Banker Schneidmiller Realty, who brought the property to the market last week. They are, she said, “extremely unusual.”
Schweitzer Castle and Château de Melusine, as they’re known, stand within Schweitzer Mountain Resort in the Selkirk Mountains and overlook the nearby mountain resort town of Sandpoint. They take in panoramic views of Lake Pend Oreille, Idaho’s largest lake.
The pair of ski-in/ski-out homes each have three bedrooms, two bathrooms and three stories, Burk explained. They are “so authentic,” she said. “Every single stone was handlaid.”
Schweitzer Castle, she said, wasn’t built for “functionality,” but has been modernized and adapted and now has everything a 21st-century residence requires, along with a dungeon, which for some buyers may also be a requisite.
The chateau, meanwhile, has a hot tub room with mountain views, as well as a garage.
The property is being sold furnished, and will come complete with the hand-carved statues, armor, mounted swords, stained-glass windows and a host of antiques dating to the 15th and 16th centuries.
The owner, an antique collector who couldn’t be reached for comment, “is always looking for that hidden jewel and he found that here,” Burk said.
The next custodian is likely to stem from a varied pool of buyers, Burk said, that would include “the trophy-home buyer, someone who can say ‘I own a castle.’”
The property could also appeal to someone looking for a vacation home, or a multi-generational estate, and beyond that “there’s the dreamers,” she said. “We definitely try to market to people who like Medieval history or maybe do Renaissance fairs.”
The seller “really wants it to go to someone with the same passion.”
