Billionaire Daniel Och turns 220 CPS Sky Palace for $ 190M


HGTV House Flippers have nothing on this person.

Hedge fund billionaire Dan Och doubled his money in one of the largest housing deals in New York history. The Wall Street Journal first reported.

The founders of Och-Ziff Capital Management sold their hut to undercover buyers at 220 Central Park South for $ 190 million — more than double the $ 93 million they paid in 2019. It is not clear whether or not the lower floor, a smaller unit, is included in the sale.

The spacious four-bedroom property is over 9,800 square feet and comes with stunning views.

“It’s in a turn-key condition,” an insider source told Gimme.

220 Central Park South is the richest condo tower in city history.
Robert AM Stern Architects
It has extensive Central Park views.
It has extensive Central Park views.
Realtor.com

The limestone-clad building is one of the most successful new construction efforts in the city’s history – a kind of 2.0 version of 15 Central Park West. Robert AM Stern once told Gimme that both buildings — 220 and 15CPW – are part of the same family.

“They belong to a family of forms, but like any family, every child is a little different,” Stern said.

Och still has 15 CPW residences, which he put on the market for $ 57.5 million in 2019, when he bought 220 and moved to Florida for tax purposes. It is no longer on the market.

220 Central Park South has sold almost and has already completed more than $ 1 billion in sales.

Citadel’s founder and CEO Ken Griffin, who already paid $ 238 million for several units in the middle of the building, is among Chicago buyers of hedge funds – a price that still stands for residential property in the US.

Griffin paid an additional $ 3.9 million for two units on the building’s 20th floor later that year. Sources say that combining the units is a long-term project and is far from being completed, some speculate that Griffin was a buyer of Och’s Penthouse.

Ken Griffin set a national sales record when he paid $ 238 million for the units in the building.
Ken Griffin set a national sales record when he paid $ 238 million for the units in the building.
TNS

However, a Griffin spokesman told the Post that they were not buyers – although Griffin has been spending a lot of housing in recent years. Homes in New York, Palm Beach and London are worth $ 875 million.

His most recent purchase was a $ 75 million estate on 8 Star Island – a Miami record.

Other boldface names in the building include musician Sting and his wife, Trudy Styler – former residents of 15 CPW. Joseph Tsai, owner of Brooklyn Nets and co-founder of e-commerce site Alibaba, paid $ 157.5 million for a two-component combination at 220 CPS.

The building is interiors by Thierry Despont. Amenities include private dining rooms, a gym, juice bar, library, basketball court – and top notch security.

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