A Two-Floor New York City Penthouse That Was Bought For $93 Million Two Years Ago Just Sold For $190 Million

Within the last month of 2019 the New York Metropolis a newly-constructed duplex penthouse in a constructing affectionately referred to as the “billionaire bunker” – however is extra formally referred to as 220 Central Park South – bought for what was then thought-about a completely fantastical sum of money.

The official closing value recorded on the property’s deed?

$92,737,627.88

For simplicity’s sake, let’s name it a good $93 million.

The official time limit listed on the deed was 12/05/2019. Quick ahead 770 days and the property has bought once more.

The quantity it simply bought for?

$190 million

That’s a $97 million revenue to personal a property for 2 years and one month. The vendor, hedge fund billionaire Daniel Och, primarily made $3.9 million per thirty days to personal the unit. That’s like getting paid $126,000 each single day for 2 years… to personal a tremendous luxurious penthouse in New York Metropolis!

Daniel Och’s soon-to-be-former NYC apartment is a duplex penthouse that options 4 bedrooms spanning almost 10,000 square-feet of residing house unfold over the constructing’s 73rd and 74th flooring. The unit additionally has an 800-square-foot non-public outside terrace.

The identification of the customer who simply paid Daniel Och $190 million isn’t but identified and the sale was off-market so there aren’t any photographs or movies of the unit.

220 Central Park South was acquired by an actual property growth agency known as Vornado Realty Belief in 2005. Vornado spent the following seven years combating with neighbors, preservationists and former residents for the suitable to demolish the earlier constructing which had stood since 1954. Vornado received the battle in 2012 and in 2015 started building on what in the end turned a complete of 118 flats.

Under is a video tour of 220 Central Park South Residence 39A. As you watch this video, word that Daniel Och’s unit is thrice bigger, spans TWO flooring and has that 800 square-foot non-public terrace:

[embedded content]

The constructing has a non-public athletic membership, a basketball court docket, library, elite childcare heart and a golf simulator.

The constructing’s first unit bought in October 2018 for $16.4 million.

If you happen to don’t have the cash to purchase a unit at 220 Central Park South, there are some obtainable for hire. On the low-end, the present leases go for $59,000 per thirty days. On the high-end, you’re taking a look at $90,000 per thirty days!

A couple of 12 months earlier than Daniel’s penthouse buy, a distinct billionaire hedge fund supervisor – Ken Griffin – paid $238 million for the constructing’s prime 4 flooring. This buy nonetheless at the moment stands because the most-expensive residence sale in US historical past. Griffin not too long ago denied being the customer of Och’s unit. Each Griffin and Och have been busy these days shopping for property in Florida, the place they’ve each relocated to for tax functions. Just some weeks in the past Griffin finalized the $75 million buy of a mansion on Miami’s Star Island which set the report for most-expensive residence bought in Miami historical past.

However think about if Ken Griffin is the customer of Daniel’s duplex… That may imply Ken Griffin has spent $428 million assembling a six-unit penthouse advanced that spans at the very least 4 flooring and roughly 20-30,000 square-feet of residing house. It might be a really mind-boggling house.

This put up first appeared on celebritynetworth.com