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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Owned by Richard Outten, who’s penned screenplays for films including “Pet Sematary Two” and “Lionheart,” this is only the third time the home has been on the market
< 1 minA Mid-Century Modern home in Carmel, California, hit the market on Friday for just the third time in 70 years with a listing price of $4.25 million.
Located in the community of Carmel Highlands, the house is just steps from the coastline and comes with private beach access, according to the listing with Tim Allen of Coldwell Banker Realty in Northern California. Allen was not immediately available for comment.
The property last changed hands in 2010 when Hollywood screenwriter Richard Outten bought it for $990,000, public records show. Outten penned the screenplays for the 1992 movie “Pet Sematary Two” and the 1987 film “Lionheart,” and created the story for the 2012 “Journey to the Center of the Earth” sequel, “Journey 2: The Mysterious Island.” He was not immediately available for comment.
Built in 1953, the home’s mid-century charm has been preserved over the years while still being updated for modern living. Interior details include wood paneling, exposed-brick walls and beamed ceilings.
The single-level house has 1,785 square feet, which includes three bedrooms and two full bathrooms. Though not directly on the water, large windows flanking the adobe-brick, wood-burning fireplace look out at the ocean.
Sliding glass doors create a seamless flow between indoor and outdoor living. Outside, there’s a large patio surrounded by lush landscaping, and there are also meandering paths through sustainable succulent gardens, according to the listing.
In addition to its close proximity to the beach, the home is a 10-minute walk from downtown Carmel-by-the-Sea.
As of July, the median list price in Carmel is $3.1 million, up 8% from last year, even as active listings have increased 50% year over year, according to data from Realtor.com.
