Billionaires' Row deal might suggest NYC luxury rebound
The closing, expected to happen next month, will mark the first resale in the relatively new building
A sale on a luxury home in the same New York City skyscraper where America’s most expensive home was purchased is in the works on Billionaire's Row.
An unknown buyer will soon close on a massive property at 220 Central Park South, listing agent Jessica Campbell of Nest Seekers International confirmed to FOX Business of Unit 55B, a 3,211-square-foot, three-bedroom on the 55th floor.
The closing, expected to happen next month, will mark the first resale in the relatively new building, which was completed in 2019.
An unknown buyer will soon close on a massive property at 220 Central Park South. (Courtesy of Nest Seekers)
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The residence, overlooking New York City's iconic Central Park, is located in the same building developed by Vornado Realty Trust where Citadel founder Ken Griffin set the record for buying the most expensive home in the country, for a staggering $238 million in 2019.
The purchasing price of Unit 55B has not yet been disclosed. The condo was listed for resale last month at $33 million.
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"This trade will mark the new criterion in the ultra-luxury market in New York City and beyond,” Campbell said in a statement to FOX Business.
“It signifies much more than just an impressive price per square foot, especially during this past year, to include renewed confidence and a reset of the market," Campbell added.
"This trade will mark the new criterion in the ultra-luxury market in New York City and beyond,” said listing agent Jessica Campbell of Nest Seekers International. (Google)
"Million Dollar Listing" star Ryan Serhant, CEO and founder of his namesake brokerage Serhant, is representing the buyer.
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As New York City slowly begins to reopen following a year of business shutdowns and a mass exodus — with many Manhattanites flocking to the suburbs — renewed interest in luxury real estate is seeing a continued rebound. A total of 36 luxury properties priced at or above $4 million went into contract last month, including 26 condos, seven co-ops and three townhouses, according to a report published by Olshan Realty as reported by Mansion Global.