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Marketplace Morning Report

The most expensive home in U.S. history just sold for $238 million

Janet Babin Jan 24, 2019
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Hedge fund billionaire Ken Griffin has completed the purchase of a four-story penthouse at 220 Central Park South in New York for $238 million — the most ever paid for a home in the United States. 
Timothy A. Clary/AFP/Getty Images

How much house do you get for $238 million? Try 24,000 square feet across four stories with 360-degree views through floor-to-ceiling windows, right across the street from New York’s Central Park. It’s the most paid for a home in the United States. But it’s a throwback to the red-hot real estate market of three years ago, when Citadel hedge fund founder Ken Griffin signed a contract to buy the place. (The deal closed now that the building’s nearing completion.) Since then, New York’s real estate market has been slumping. Last year, the median price of a Manhattan condo dropped below $1 million for the first time in three years. And waiting lists for affordable housing in the city are longer than ever. 

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