The figure destroys the previous New York City record of $100.47 million set in 2014; Computer billionaire Michael Dell was recently exposed as the owner of that penthouse in nearby One57. The prior national record was also set that same year when Barry Rosenstein, another hedge fund billionaire, purchased an East Hampton spread for $147 million. Since then, nine-figure sales have been largely concentrated in and around Los Angeles.
Griffin heads Citadel, a Chicago-based hedge fund that he founded in 1990 not long after graduating from Harvard. His New York purchase comes as the $30 billion fund is expanding its presence in the city. Its new offices are just across Central Park from Griffin's new home.
The 79-story tower at 220 Central Park South is being built by Vornado Realty Trust. It was designed by architect Robert A.M. Stern to mimic classic prewar designs. Building began amid a condo construction boom in 2014 but is opening into a much softer luxury real estate environment.
The record "doesn’t make a statement on the state of the current super luxury market," says appraiser Jonathan Miller, who points out Griffin would have signed a contract 2015. "It’s a statement about the market we just came out of, which was a super charged, super luxury market."