Ken Griffin shows how a billionaire goes shopping.
Just a few days after buying one of the most expensive residential properties in London, the founder of the Citadel set an American record with a $ 238 million Penthouse at 220 Central Park South. The area of 24,000 square meters will give him a place to stay when he works in New York, said the spokeswoman for the citadel. The price makes it the most expensive home in America.
"He is definitely a world trophy hunter and has bought what is now the number one in New York," says Dona Olshan, president of Olshan Realty.
"I do not think the fact that he buys exclusive trophy property speaks nothing about the market. This is exactly what he does and you should consider it as one-time. Earlier this month, Griffin paid about £ 95m for a 200-year-old home overlooking St. James Park in London, about half a mile from Buckingham Palace. , The 20,000-square-foot home includes a gym, pool and underground extension.
Griffin, 50, started selling convertible bonds from his room at the Harvard University dormitory. The native town of Florida founded the Citadel in 1
On the way, he bought real estate in New York and Chicago worth over $ 500 million and not
The acquisition over the past few years included a $ 30 million two-storey Waldorf Hotel Astoria in Chicago and Miami Beach Penthouse for $ 60 million. In 2017, Griffin set the record for the most expensive household in Chicago, paying 58.75 million dollars for a three-room maisonette on the top of Gold Coast with Walton's flat tower No. 9. He also acquired about $ 230 million of property in Palm Beach, Florida, according to Palm Beach Daily News .
In 2009, Griffin paid $ 40 million for Fifth Avenue apartment 820 on 63 Street, New York, buying the 12th floor of Lily Safra, the widow of banker Edmond Safra.
Griffin also has a history of breaking records in the world of art. In 2016, he bought works of Jackson Pollock and Willem de Kuning from the David Geffen Foundation for about $ 500 million. He is also an active philanthropist who has donated more than $ 600 million for educational and cultural reasons, including the Chicago Institute of Art, the Whitney Museum of Art and the University of Harvard
Olshan compares deals with luxury properties like Griffin 
"This is not a substitute for the market," Olshan said. – I think it's a one-time, anomalous, extraordinary sale, like what you see on the art market when someone comes out and spends an absurd amount – does not necessarily mean there's the art market.
The recently-closed luxury tower in New York was built by the Vornado Realty Trust, which said it was close to 85% of its sold in October, with 26 full floors in a deal. Robert A.M. The project, designed by Stern, faces Central Park's southern entrance, with most of the 118 units offering unobstructed views. The Wall Street Journal earlier reported the purchase of Griffin.
The citadel has signed a skyscraper lease on 425 Park Avenue, within walking distance of Griffin's new apartment. The office building, developed by L & L Holding and designed by Norman Foster, ended the last month. It is expected to be completed in 2020, while the Citadel will take about 331,800 sq ft of 16 floors, including a penthouse
The property price of 220 Central Park South is more than double the previous sales record of homes in Manhattan, which is $ 100.5 million for a penthouse in One57. This deal was completed in 2014. Since then, appetite for Manhattan's ultra-luxury housing has been weakening. Within a few blocks of One57, the buyer bought three apartments near the top of a 96-story tower at 432 Park Ave for a total of $ 91.1 million at a deal in December 2017. This is a 25% discount on the Combined Sticker Price from US $ 120.8 million.
A spokesman for Vornado declined to comment, as well as Deborah Kern of the Corcoran Group, representing Vornado. Tal Alexander, who along with his brother Oren represents Griffin, also did not comment.
One indicator, Griffin does not necessarily pay for his apartment in New York.
Based on his size, he probably paid about $ 10,000. square f. penthouse in 15 Central Park West sold for $ 88 million or $ 13,000. per square foot, in 2012