Manhattan condo to smash New York price record

A super penthouse being built in New York could soon become the world’s most expensive apartment if its eye-watering $US250 million ($340 million) asking price is realised.

US property website The Real Deal is reporting that the developer and realtor, Vornado Realty Trust, has finally put a price on the soon-to-be-built four-storey home.

If it sells at that level, the apartment at 220 Central Park South would surpass the current record in New York, scored by Extell’s One57 penthouse when it traded for $US100.5 million in January 2015.

It would even outshine the 2014 sale of OneHyde in London, for $US237 million, setting a possible world record.    

Over three uppermost floors of the limestone tower, the condominium will span more than 7000 square metres with extensive views over Central Park. 

The massive space has been created by merging a more than 3000 square metre duplex with three smaller apartments, combining the former’s $US150 million asking price with that of the others, which were each listed in the tens of millions. 

The plans reveal a luxury spread; large bedrooms with ensuites and walk-in dressing rooms, with a palatial Great Room on one level, an internal mezzanine, elevators and formal lobby.

Vornado Realty Trust may have already found a rare buyer; the company has told local press it is in “negotiation on several deals”, with buyers rumoured to be in line for the epic property.

So who could afford to drop $US250 million on one place? 

US media has reported a notable hedge fund manager and Qatari buyer were scouting the tower for a luxe bolthole, however no identities or negotiations have been confirmed.

Developers now have their eye on a combined sellout for 220 Central Park of $US3.17 billion, with 116 units on the market.

The Chetrit Group’s 550 Madison Avenue penthouse had been on track for a-then New York record apartment sale, asking for $150 million before the deal was scuppered.

The building designed by Robert A.M. Stern sold to Olayan Group for $US1.3 billion last month, according to reports by TRD.