The Most Expensive New York Homes Sold in May


The limestone tower at 220 Central Park South, the most expensive residential building in New York City, and arguably the world’s most profitable, has had its first resale.

A three-bedroom aerie encompassing half the 55th floor closed at the full asking price of $33 million, which was 23 percent more than the nearly $26.8 million the unknown seller had paid in late 2019. The buyer was Igor Tulchinsky, who runs a hedge fund based in Greenwich, Conn.

The deal — the city’s biggest in the month of May — could serve as a bellwether for determining whether other apartments in the nearly sold-out condominium complex will hold their value. Right now, there is another previously owned half-floor unit, on the 36th floor, under contract, according to StreetEasy, and one available for rent.

The NestSeekers agent Jessica C. Campbell represented the seller, who used the limited liability company 220 March and had signed a contract for the unit back in 2015, while the building was still under construction.

Ryan Serhant, who runs his own brokerage firm, represented Mr. Tulchinsky, the buyer. He said his client saw the apartment as “a great investment.”

A sponsor unit also closed in the building: A two-bedroom, two-and-a-half apartment on the 29th floor sold for almost $16.1 million.

The complex, near Columbus Circle in Midtown Manhattan, was the most expensive condominium in 2020, with an average price per square foot of $7,039, according to CityRealty, and aggregate closed sales surpassing $1 billion. In early 2019, the nation’s highest-priced single residence was sold there, with the nearly $240 million purchase of four full floors by the hedge fund manager Kenneth C. Griffin.

The duplex at the Eldorado that sold for $18 million is on the 15th and 16th floors of the co-op building, between 90th and 91st Streets facing Central Park. It features four bedrooms and five full and two half bathrooms, along with stunning views of the Jacqueline Kennedy Onassis Reservoir from a 49-by-9-foot terrace on the upper level.

The main bedroom suite, on the lower level, contains two marble bathrooms and an abundance of closet space. Each of the other bedrooms also has an en-suite bathroom, and there is a separate laundry room.

The home had been on and off the market since last June with an asking price of nearly $20 million. The buyers were identified in property records as Richard Friesner and Aimee Telsey.



Source link Real Estate

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