Skip to main content

New Record Set for Most Expensive U.S. Home Purchase

Jan 24, 2019
Kenneth Griffin, the founder of the hedge fund Citadel, has set a record for the highest price ever paid for a U.S. residence: $238 million for a penthouse overlooking New York City’s Central Park

Kenneth Griffin, the founder of the hedge fund Citadel, has set a record for the highest price ever paid for a U.S. residence: $238 million for a penthouse overlooking New York City’s Central Park.
 
According to a New York Times report, Griffin purchased an approximately 24,000-square-foot combination of two apartments on the top of 220 Central Park South, a tower that is still under construction. Griffin’s new home shattered the previous sale record for a $137 million East Hampton, N.Y., home that sold in 2014; the previous New York City record was for a $100.5 million duplex in 2014 at One57, a luxury high-rise within walking distance of Griffin’s residence.
 
Among Griffin’s new neighbors are British rock star Sting and his wife Trudie Style and Chinese hotelier Tong Tong Zhao.

 
About the author
Published
Jan 24, 2019
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024
Guild Mortgage Reports Net Loss In 2023 Amid Acquisition Spree

San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.

Mar 13, 2024