Billionaire Ken Griffin pays record US$230 million for New York flat

The Manhattan development has become known as 'The Billionaire's Bunker'

The Manhattan development has become known as 'The Billionaire's Bunker'

The four floor property in Mahattan, New York was bought by billionaire businessman Ken Griffin for $238 million. A rep says Griffin plans to stay in the penthouse-the Guardian reports it's 24,000 square feet with "dreamy Central Park views"-when he's in NY, where Citadel has opened a new office".

However, Griffin, the founder of Chicago-based hedge fund Citadel is no stranger to record-setting real estate deals either.

Apartments in 220 Central Park South seem to be selling relatively quickly, despite slumps in the luxury property market in NY.

The billionaire also owns three other luxury homes in Chicago, six in the Palm Beach area of Florida, and two homes in Hawaii.

Over the past few years, he has set most-expensive-home records in not only NY, but Chicago and Miami as well.

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Griffin's unit is a massive 24,000 square feet and takes up four floors - from the 50th to the 53rd floor of the building.

Hedge fund billionaire Ken Griffin just made history after he closed a deal to buy the most expensive home ever sold in the USA, dropping a whopping $238 million for the residence.

With new condo towers, like 220 Central Park South, buyers sign a contract while the building is under construction, and officially close on the deal when the building is finished.

The Alexander Team at Douglas Elliman represented Griffin in the sale and the Corcoran Group represented Vornado Realty Trust, VNO the building's developer.

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