by Howard Morrel & Leslie Hirsch
57th Street Report
Media mogul Byron Allen has made a significant mark in Manhattan’s luxury real estate market, selling his full-floor condominium at the prestigious 220 Central Park South for an impressive $82.5 million. This off-market deal, completed in less than a year, secured Allen a notable profit over the $75 million he originally paid in 2023, highlighting the enduring strength of high-end real estate in New York City. The sale adds to Allen’s portfolio of astute real estate investments and further enhances the prestige of Billionaires’ Row, a stretch of ultra-luxury skyscrapers bordering Central Park.
A Coveted Home in Billionaires’ Row
This exclusive residence, perched high above the city, offers unparalleled views of Central Park and the Manhattan skyline. Designed by Robert A.M. Stern and developed by Vornado Realty, the building features a timeless limestone façade, echoing classic New York elegance.
A Residence of True Distinction
A private elevator opens directly into the home, where soaring ceilings, expansive picture windows, and bespoke finishes create an atmosphere of sophistication. The space is designed for both luxurious living and grand entertaining.
The building’s amenities? Next level. Residents enjoy a private motor court, an 82-foot indoor saltwater pool, a squash court, and an exclusive Jean-Georges restaurant reserved for owners. Discretion is key at 220 Central Park South, with many transactions conducted off-market.
A Record-Breaking Address
This sale further cements 220 Central Park South as one of the most sought-after residences in the city. In 2019, billionaire Ken Griffin made history here, purchasing a penthouse for $238 million—the most expensive home ever sold in the U.S.
Byron Allen’s recent transaction? Yet another testament to the lasting appeal of Billionaires’ Row.
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