Because of the valuable air rights involved, one uninvolved broker estimated that the property would sell for as much as $160–175 million. Bank of America Tower, left, then Central Park Tower (under construction), with recently completed 220 Central Park South behind it. [59][60] Site excavation was underway by May 2014. View more property details, sales history and Zestimate data on Zillow. It has frontage on 58th Street to the south and Central Park South to the north, in the middle of a city block bounded by Seventh Avenue to the east and Broadway to the west. The building is one of three skyscrapers designed by Stern in Manhattan, along with 30 Park Place in the Financial District and 520 Park Avenue east of Central Park. ... 220 Central Park South Tower. Here's the math behind that", "Why New York Values Ken Griffin's $238 Million Condo at Less Than $10 Million", "Billionaires' Row Deal Is the Third to Top $100 Million in New York", "Duplex Sells for Almost $100 Million at 220 Central Park South", "An unknown buyer just dropped $100 million on a penthouse on New York City's Billionaires' Row", House of the New York City Bar Association, St. Nicholas Collegiate Reformed Protestant Dutch Church, Abby Aldrich Rockefeller Sculpture Garden, Jacqueline Kennedy Onassis High School for International Careers, Times Square–42nd Street/Port Authority Bus Terminal, https://en.wikipedia.org/w/index.php?title=220_Central_Park_South&oldid=998005765, Residential condominiums in New York City, Short description is different from Wikidata, Infobox mapframe without OSM relation ID on Wikidata, Pages using New York City Subway service templates, Pages using multiple image with auto scaled images, Creative Commons Attribution-ShareAlike License, This page was last edited on 3 January 2021, at 08:49. The building accounted for $592 million in condominium sales in the third quarter of 2020, out of $1.85 billion in sales in the entire borough of Manhattan during that time. 57B is a half floor corner Three bedroom, Three … Check with the applicable school district prior to making a decision based on Surge of Construction Boosts Inventory in the City's Deluxe Market", "220 Central Park South Sells $1.1 Billion Worth of Condos", "Vornado ups Bank of China loan on 220 CPS to $950M", "Vornado Secures $750M Loan Facility on 220 Central Park South", "Vornado Realty Trust Agrees to Loan For 220 Central Park South Development", "Construction Update: 220 Central Park South Rising Quickly, 217 West 57th Almost Above Street Level", "Sneak Peak at Facade & Construction Update for 217 West 57th Street, aka Nordstrom Tower", "Construction Update: 220 Central Park South", "Airhead teen busted for climbing World Trade Center rises again", "Daredevil N.J. teen charged in WTC stunt dangles from Central Park tower", "Want an update on 220 Central Park South? Upon entering, you will immediately understand 220 Central Park South is the most coveted and significant Masterpiece Condominium New York has today. [98][99] When Griffin closed on a four-floor "mega condo" for $238 million in January 2019, it became the most expensive home ever sold in the United States,[92][100][101] despite being valued at only $9.4 million. R D According to 6sqft, the Villas contains 13 condominium units,[35] while according to The New York Times, the Villas has 10 condos. 220 Central Park South is composed of two sections: a 70-story, 950-foot (290 m) tower on 58th Street that is the 17th-tallest building in New York City, and an 18-story section on Central Park South. The current round of the 57th Street boom is making rapid progress, and construction work at 220 Central Park South in particular is moving quickly.. [55], In early 2014, the Bank of China gave Vornado a $600 million loan for the building's construction. By that time, about a third of the units were already in contract, representing a combined $1.1 billion, even though public offerings had not yet started. 220 Central Park South is another signature project from master architect Robert A.M. Stern, developed by Vornado Realty Trust. [97] Griffin had agreed to purchase three floors in 2015 for $200 million, representing the city's costliest real estate purchase at the time. About 220 Central Park S New York, NY 10019. [26][27] Portions of the Villas' facade contain metal balconies in front of the windows. [30] Because of 220 Central Park South's height, it was infeasible to use hand-set or precast limestone sections, so the facade was instead designed as a curtain wall with window openings. Read Carter's Full Review [18], 220 Central Park South's foundation consists of three concrete "mats", each measuring 8 feet (2.4 m) thick and collectively containing over 2,200 cubic yards (1,700 m3) of concrete. Billionaires' Row", "Vornado spending $5,000 a foot to build 220 CPS", "Bank of China was lender in Vornado's $600M loan", "Vornado Completes $600 Million Financing of 220 Central Park South Development Site", "More Floorplans, Prices Revealed for 220 Central Park South", "Inside 220 CPS: A full look at the building's prices, floor plans Deborah Kern jumps to Corcoran Sunshine and will oversee sales", "Extell, Vornado racing to raise uber-luxury towers", "Condomania! [12] Real estate investor Sarah Korein ultimately came to own the old 220 Central Park South. At only 53’ (16m) wide, the tower has an impressive 18:1 aspect ratio. Topping off at 1,550 feet, with 131 floors, Central Park Tower will be the world’s tallest residential building. [16], The structure is composed of two sections: a 70-story tower on 58th Street and a shorter 18-story section on Central Park South. W [31] The roof of the main tower contains a slosh damper, which uses a huge tank of water to reduce vibrations. "[14], Notable confirmed buyers include executives such as Renata de Camargo Nascimento, co-owner of Brazilian construction company Camargo Correa; Albert Behler, CEO of Paramount Group;[85][86] Byron Allen, CEO of Entertainment Studios;[87] Eric Smidt, CEO of Harbor Freight Tools;[14] finance executive Andrew Zaro;[36] and real estate executives Ofer Yardeniand[36] and Richard Leibovitch. Although the New York Supreme Court initially ruled in favor of the tenants in 2008 under the grounds that a proper environmental review had not been conducted,[45] this was overturned upon appeal in 2009. The Villa and the Tower will be connected via an arcade that includes a motor court on 58th St. [15], Meanwhile, Extell Development had leased the parking garage under part of the old building's site in 2006. Inc. Zillow, Inc. has a real estate [22]:75 Some of the units have been combined to create larger penthouse or duplex apartments. Two of the building's units have sold for over $100 million, including a $238 million unit purchased by billionaire hedge fund manager Kenneth C. Griffin in 2019, the most expensive home ever sold in the United States to date. 220 Central Park South Click an image to view larger version. The 2 bedroom condo at 222 Central Park S #22, New York, NY 10019 is comparable and priced for sale at $1,395,000. "[72] According to Roth, the lack of updates was an intentional move for "competitive reasons". [22]:75 The facade contains windows with detailed designs as well as a decorative rooftop crown. [96] The first apartment in the Villas was sold the following year, in May 2019. [36] Some of the upper floors are designed so that they contain a single unit on each floor, or units spanning multiple floors. [43][44] However, some of the rent-stabilized tenants refused to vacate, filing a lawsuit against Vornado. 220 CPS is one of the rare buildings that, thanks to its generous height and precise location, treats residents to sweeping vistas of Central Park's south to north expanse encompassing 800+ acres! [22]:74–75, To maximize usable space on the upper floors, and thus maximize revenue from apartment sales, the mechanical equipment was placed at the base of the main tower on 58th Street. A Name of Complex. [50][51] The New York City Department of Buildings (DOB) fined Extell in May 2012, after Vornado claimed that Extell had violated the terms of the lease because the garage was not being used "primarily for residents" of the empty rental building. Residence 55B is no exception; perched high above the city with sweeping, grand and iconic views to the North of Central Park and to the direct East and West offering views of the Hudson and beyond. [70][71] The construction process was generally secretive, leading real estate magazine The Real Deal to report in July 2018, "It has now been two years, eight months and 28 days since Vornado Realty Trust deigned to update Wall Street on sales at 220 Central Park South. If a prospective buyer's responses were deemed satisfactory, they would view a sales office, and Roth would personally interview the buyer, an unusual move for luxury condominiums. View more property details, sales history and Zestimate data on Zillow. [50][53][54] Without Central Park Tower's cantilever, 220 Central Park South would have blocked the first 950 feet (290 m) of Central Park Tower. (505 Park Avenue, New York, NY 10022), Listing by Modlin Group (505 Park Avenue, New York, NY 10022), Listing by Modlin Group [18] Both sections of the building share a lobby and a three-story basement. The 3,211 sq. [2][3]:B3 The building carries the alternate addresses of 225-231 West 58th Street. The 67-story tower is designed by Robert A. M. Stern Architects and contains 593,000 square feet of interior space. Vornado Realty Trust, which built One Beacon Court on Lexington Avenue between 59 th and 58 th Streets, is the developer of 220 Central Park South. [37][38], A motor court with a porte-cochere, where vehicles could drop off and pick up residents and their guests, is alongside the two wings of 220 Central Park South. Vornado alleged that Extell had defaulted on the lease, having supposedly violated the lease terms, even though Extell's lease ran through 2018. [16][17][18] The building is one of three skyscrapers designed by Stern in Manhattan, along with 30 Park Place in the Financial District and 520 Park Avenue east of Central Park. [50][51] Extell's CEO, Gary Barnett, stated that he leased the garage so that he would have enough parking for his own nearby developments. Behind the Villa is the 950-foot Tower, which will bring a total of 118 units to the high-end market. Another comparable condo, 200 Central Park S, New York, NY 10019 recently sold for $825,000. [67] Aboveground work reached 15 stories in February 2016[68] and 25 stories by that May. [21] Sources disagree on how many apartments are within the Villas section of the building. The building also has a wine cellar, an 82-foot-long (25 m) saltwater swimming pool, private dining rooms, an athletic club, a juice bar, a library, a basketball court, a golf simulator and a children's play area. Vornado Realty Trust developed the building on the site of a rent-stabilized apartment complex constructed in 1954. [84] Richard Steinberg of the brokerage Douglas Elliman said, "Even if you had the money, it wasn’t guaranteed you could get a visit. [14], The old building was purchased in August 2005 by Vornado for $136.6 million. Exclusive Listing Agent Details: Upon entering, you will immediately understand 220 Central Park South is the most coveted and significant Masterpiece Condominium New York has today. Two additional en-suite bedrooms, a powder room, and utility room with washer-dryer top the highlights of this spectacular residence in the sky. [73] Brokers and lawyers uncovered floor plans and proposed prices by reviewing an offering plan filed with the Attorney General of New York, while reporters filed Freedom of Information Act requests to recover data from the offering plan. Extell then sued Vornado that August, claiming that Vornado had intentionally created the violation by first emptying the building of tenants. [88], 220 Central Park South has had some of the most expensive residential real estate transactions in New York City's history. The sale of the 24,000 square foot apartment makes it the highest-priced home ever sold in the United States. One quarter of the site is on Central Park South, while the remaining three-quarters of the lot are on 58th Street. [3]:A3[22]:73, The main structure, on 58th Street, is 952 feet (290 m) tall, rising 70 stories above the ground. [22]:73 The mechanical equipment occupies six stories, each with ceiling heights of 18 to 24 feet (5.5 to 7.3 m), taking advantage of a zoning provision to maximize the tower's height. [76], Exterior finishes were being placed on 220 Central Park South by mid-2019,[77] and Vornado paid off its $950 million loan from the Bank of China that July. brokerage license in multiple states. To maximize floor area, four large columns were installed along the northern side, a structural core on the southern side, and three smaller columns each on the western and eastern sides. (650 Madison Avenue, New York, NY 10022), Listing by Nest Seekers International Find 16 photos of the 220 Central Park S #36B condo on Zillow. [15], Robert A.M. Stern Architects designed 220 Central Park South, although SLCE Architects is listed in building documents as the architect of record. at 57th St, B The luxury residential condominium development includes an 18-story building called “the Villa” that will front Central Park alongside other comparably sized buildings. With a negotiated maximum height and a desire to build above 200 feet, the project required the development of several [56][57] Robert A. M. Stern was hired to create updated designs for the building, which were approved by the New York City Department of Buildings. E [3]:A2, Nearby buildings on the same block include Gainsborough Studios and 240 Central Park South to the west, as well as 200 Central Park South, the Helen Miller Gould Stable, and the firehouse of Engine Company 23 to the east. [80] By September 2020, the last exterior pieces were put on the building. ", "Potential Record-Breaking Conversion Plays Going Up For Sale", "220 Central Park South: Another Condo Casualty? In the center and both under construction are 111 West 57th Street and 53W53.On the right is 432 Park Avenue. 220 Central Park South is a residential skyscraper with 70 floors and 116 units. C [35][39] In 2019, Jean-Georges Vongerichten was selected to operate a residents-only, 54-seat restaurant at the second floor. 220 Central Park South is a luxury residential building towering 69 stories above Central Park. [78] Including hard construction costs, the building was estimated to cost $5,000 per square foot ($54,000/m2). party and subject to change. [28][29] The usage of limestone was intended to blend with the more traditional facades of other buildings on Central Park's perimeter. [105][106], Residential skyscraper in Manhattan, New York, "Vornado Realty Trust Form 10-Q for the Quarter Ended September 30, 2018", New York City Department of Information Technology and Telecommunications, "220 Central Park South Garage Environmental Assessment Statement", New York City Department of City Planning, "Moving In, Slowly, to 'Billionaires' Row, "The New Billionaires' Row: See the Incredible Transformation of New York's 57th Street", "Taylor Corp. Starts Suites At 220 Central Park South", "20-Story Apartments Facing Central Park Will Provide 125 Suites in Luxury Class", "Concrete Frame Used: Super-structure Completed on 220 Central Park South", "Sarah Korein, 93, Whose Dainty Bearing Masked a Tough Property Investor, Is Dead", "How 220 Central Park South Became World's Most Profitable Condo", "Demolition Update: 220 Central Park South Nearly Gone", "220 Central Park South - The Skyscraper Center", "8 Buildings You Need to Know by Robert A.M. Stern Architects", "Final Exterior Touches for 220 Central Park South Underway in Midtown", "At 220 Central Park South, home of NYC's priciest sold home, a rental wants $59,000/month", "Supertall, Super Slender Tower with a Multitude of Constraints: 220 Central Park South", "Super-tall, super-skinny, super-expensive: the 'pencil towers' of New York's super-rich", "Robert A.M. Stern's 220 Central Park South Tower, Revealed! W Other firms involved in construction included structural engineer DeSimone Consulting Engineers and general contractor Lendlease. ", "80 Tenants Face Eviction for a Teardown in Midtown", "Central Park South Holdouts Get Million-Dollar Buyouts", "At Least Some 220 Central Park South Tenants Have Left the Building", "Developers End Fight Blocking 2 More Luxury Towers in Midtown", "Deal Settles Dispute Between Extell, Vornado", "The Most Important Towers Shaping Central Park's South Corridor, a.k.a. ", "220 Central Park South adds 14-story adjacent building", "RAMSA's 220 Central Park South Nears Full Completion, in Midtown", "Villas Begin Closing at 220 Central Park South", "220 Central Park South — Robert A.M. Stern Architects, LLP", "See the limestone-clad 220 Central Park South loom over Midtown", "Sleight of Height: Developers Use a Zoning Loophole to Boost Their Buildings and the Number of Apartments With Multimillion-dollar Views", "Keeping Skyscrapers From Blowing in the Wind", "Unit 72 at 220 Central Park South Sold for $62 Million", "New Floorplans For Robert A.M. Stern's 220 Central Park South", "Robert A.M. Stern's 220 Central Park South Gets Stoned; New Renderings and Construction Shots", "As Manhattan's Most Secretive Skyscraper Rises, a Super-Elite Clientele Emerges", "NYC's Most Expensive Apartment Will Be a $250M Condo at 220 Central Park South", "220 CPS officially has a $250M mansion in the sky: PHOTOS", "Revealed: Prices, floorplans at Vornado's 220 CPS", "Jean-Georges to open private eatery in NYC's priciest condo", "Is 220 Central Park South getting a Jean-Georges residents-only restaurant? Accordingly, the mechanical equipment takes up 100 feet (30 m) of the tower's height, and the lowest condominiums in the main tower are 190 feet (58 m) above ground level. [19] Thierry Despont designed the interior spaces. [5][6] 220 Central Park South is one of several major developments around 57th Street and Central Park that are collectively dubbed Billionaires' Row by the media. Villas Begin Closing at 220 Central Park South The first of 10 apartments at the 18-story building adjacent to the condo’s main tower sold for $34.4 million. (152 West 57th Street, New York, NY 10019). [50][53] As part of the deal, 220 Central Park South would be shifted slightly westward and Central Park Tower would be cantilevered slightly eastward, giving the latter a direct view of Central Park. A list of these real estate licenses can be found, Condominiums – Residential Unit in Elevator Building (R4), Our Favorite $800K Listings in NYC Right Now, High-End Harlem 2BR With Balcony Asks $512K, $2450 BK Duplex Has 2 Bedrooms, 2 Baths, and 1 Huge Terrace, 5 Fixer-Uppers Ready to Become Your Dream Home, Six-Figure Discounts: 5 Homes Priced to Sell, 1 active sale ($8,183 per ft² avg, $24,900,000 avg price), 2 previous sales ($7,873 per ft² avg, $24,000,000 avg price), 6 active rentals ($242 per ft² avg, $60,741 avg price), 13 previous rentals ($207 per ft² avg, $54,461 avg price). [22]:74–75, The base of the building includes a smaller section on Central Park South, called "The Villas". 55B is a half floor corner … [88][89] Other buyers have included billionaire hedge fund managers Daniel Och[90][91] and Kenneth C. Griffin;[92] real estate developer David Mandelbaum;[93] and musician Sting and his wife, producer and actor Trudie Styler. 220 Central Park South is another signature project from master architect Robert A.M. Stern, developed by Vornado Realty Trust. At 220 Central Park South, it fronts on 58 th Street but is not directly behind the shorter structure but placed to its west allowing for the creation of a large and formal driveway. Chelsea and Clinton are nearby neighborhoods. 55B is a half floor corner Three bedroom, Three … B According to Stern, 220 Central Park South's design was to "belong to the family of buildings that have framed Central Park for generations". Disclaimer: School attendance zone boundaries are not guaranteed to be accurate – they are provided by a third [14][63] That September, Vornado borrowed another $350 million from the Bank of China, while also terminating a commitment for a $500 million mezzanine loan. 220 Central Park South is a residential skyscraper in Midtown Manhattan in New York City, situated along Billionaires' Row on the south side of Central Park South between Broadway and Seventh Avenue. in March 2014. Second floor of the Villas '' Thierry W. Despont [ 21 ] Sources disagree on many... Some of the units have been combined to create larger penthouse or duplex apartments ] real estate brokerage in... Second floor is clad with limestone, which will bring a total of 118 to! Are duplex apartments 67 ] Aboveground work reached 15 stories in February 2016 68! 52 ] a court enjoined the eviction in July 2013, permitting Extell to holding! 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