The Wall Street Journal - 08.11.2019

M12| Friday, November 8, 2019 THE WALL STREET JOURNAL.

million for the penthouse, set-

ting a record for the highest-

priced home ever sold in the

U.S., The Wall Street Journal

reported. Musician Sting is

also an owner.

The larger of the units is

about 6,591 square feet with

five bedrooms, according to

the condo plans. Like many of

the deals at the building, the
contract was signed several
years ago, so it doesn’t neces-
sarily speak to the current
level of demand for luxury
condos in Manhattan. The
closings are now hitting re-
cords since construction on
the building is complete. The
DOROTHY HONG FOR THE WALL STREET JOURNAL (2) building has not disclosed how

See more photos of notable

homes atWSJ.com/RealEstate.

Email: [email protected]

A unit at 220 Central Park

South, one of the new skyscrap-

ers on New York’s “Billionaires’

Row,” has sold for $61 million.

It is one of the largest transac-

tions to have closed so far this

year in the city.

Records show the buyer is a

limited liability company tied

to Eric Smidt, a billionaire

hardware entrepreneur who

also owns a roughly 10-acre

estate in Beverly Hills., Calif.

The company, which closed on

the unit in late September,

shares a registered Los Ange-

les address with another com-

pany controlled by Mr. Smidt,

records show. The company

also bought a smaller unit on

a lower floor for about $1.8

million, records show. Mr.

Smidt could not be reached for

comment.

The deal is the latest in a

string of high-profile closings

at the building. Earlier this

year hedge-fund executive Ken

Griffin spent roughly $238

many of its units are sold.

A spokeswoman for Corc-

oran Sunshine Marketing

Group, which heads sales at

220 Central Park South, de-

clined to comment. A spokes-

man for the developer, Vor-

nado Realty Trust, also

declined to comment.

Mr. Smidt is chief executive

of Harbor Freight Tools, a spe-

ciality hardware retailer. He

started the company with his

father in 1977, operating out of

a small building in North Hol-

lywood, Calif., according to the

company’s website.

In 2005, Mr. Smidt paid

roughly $40 million for his

Beverly Hills estate, records

show. Known as the Knoll, it

was formerly owned by the

late billionaire businessman

Marvin Davis.

—Katherine Clarke

‘Billionaires’ Row’ Condo in

New York Sells for $61 Million

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