- Billionaire hedge-fund manager Daniel Och just paid $US95 million for a penthouse on New York City’s Billionaires’ Row, Rachael Levy and Katherine Clarke reported for The Wall Street Journal.
- The Journal had originally reported that a then-unidentified buyer had paid $US100 million for the condo, which one person familiar with the deal said could be due to additional closing costs not shown in the filing.
- The sale comes two months after billionaire hedge-fund manager Ken Griffin added two more condos to his collection in the building, which already included a record-breaking $US238 million condo purchase in January.
- The Billionaires’ Row skyscraper, 220 Central Park South, has surpassed $US1 billion in sales and sits on the most expensive street in the city, where the median sale price is $US9.8 million.
- Other high-profile buyers in the building include singer Sting and his wife, hedge-fund executives Richard Leibovitch and Andrew Zaro, and a Brazilian construction heiress.
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Billionaire hedge-fund manager Daniel Och just paid $US95 million for a penthouse in 220 Central Park South, a luxury tower on New York City’s Billionaires’ Row, Rachael Levy and Katherine Clarke reported for The Wall Street Journal.
The Journal had originally reported that an unidentified buyer had paid $US100 million for the condo. A person familiar with the deal told the Journal the discrepancy could be due to additional closing costs not shown in the filing.
The $US95 million condo likely went into contract a couple of years ago, when the luxury real-estate market in the city was stronger, sources familiar with the deal told the Journal.
The sale comes two months after billionaire hedge-fund manager Ken Griffin spent almost $US4 million on an additional two condos in the building, where he had already bought a record-breaking $US238 million spread in January 2019.
220 Central Park South sits on New York City’s most expensive street, where the median sale price is $US9.8 million.
But Griffin isn’t the only billionaire in the 79-story, Robert A.M. Stern-designed tower, which borders the southern end of Central Park and is still under construction.
Here’s a rundown of the ultra-wealthy hedge funders, executives, and celebrities who have snapped up units in 220 Central Park South – that we know of.
Ken Griffin, Citadel hedge fund founder
Griffin, who’s worth an estimated $US13 billion, broke the record for the most expensive home ever sold in the US when he paid $US238 million for his first spread of condos in the building, which encompasses floors 50 through 53, in January 2019.
Nine months later, he dropped another $US1.89 million and $US2.06 million for two new adjacent apartments on the 20th floor, which could be for intended guests or staff, Jennifer Gould Keil reported for The New York Post.
The purchase brings Griffin’s total investment in the building to almost $US242 million.
Singer Sting and his wife, Trudie Styler
Singer Sting and wife Trudie Styler purchased a $US67.5 million penthouse in the luxury tower in July 2019, Curbed New York reported.
Daniel Och, founder and former chairman of Och-Ziff Capital Management
Och dropped $US95 million on a penthouse in 220 Central Park South, in a deal that went into contract in May 2015 and closed in December 2019.
Och, who’s worth an estimated $US3.2 billion, stepped down from his role of chairman at Och-Ziff Capital Management in 2019, which then changed its name to Sculptor Capital Management, Forbes reported.
Andrew Zaro, Cavalry Portfolio Services chairman
Cavalry Portfolio Services chairman Andrew Zaro has bought a unit in the building for an unknown price, according to the Journal.
Richard Leibovitch, Arel Capital founding partner
Leibovitch bought a $US26.2 million four-bedroom condo on the 31st floor in December 2018, The Real Deal reported.
Renata de Camargo Nascimento, Brazilian construction billionaire
Nascimento purchased a $US30.19 million unit in January 2019, according to the Journal.
The Brazilian heiress, who’s worth an estimated $US3.1 billion, along with her two sisters is a controlling shareholder of Camargo Correa, a multinational construction conglomerate.
Albert Behler, Paramount Group chairman
Behler paid $US33.5 million for a 35th-floor unit, The Real Deal reported.
Michael Cantanucci, New Country Motor Car Group owner
Cantanucci, who owns luxury car dealership New Country Motor Car Group, bought a $US38 million condo in the building in October 2019, The Real Deal reported.
While the transactions of these particular individuals have been reported, many other 220 Central Park Tower buyers are essentially anonymous because they have bought units through an LLC.
This is common practice in the luxury real-estate market for billionaires, celebrities, and other high-profile individuals concerned with privacy, according to the Journal.
This was the case with Griffin, who bought his $US238 million spread in January under the name of “NYCP LLC.” According to the Journal, more than 85% of buyers in 220 Central Park Tower have purchased their units via an LLC entity.
But as the Journal reported in October 2019, these buyers are no longer guaranteed anonymity. A New York state law that will make every real-estate buyer’s name publicly available under New York’s Freedom of Information Law went into effect in September.
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