Daniel Och, a billionaire hedge fund manager, has sold his New York City penthouse overlooking Central Park for $190 million, double what he paid for the property in 2019.
The property, located at 220 Central Park SouthCentral Park South, has four bedrooms and has a total of 9,800 square feet. The Wall Street Journal, which was the first to report the sale, notes that it is one of the most expensive sales in New York.
Och reportedly paid $93 million for the penthouse in the year 2019, which he planned to use as a pied- terre, and did not allocate another $2 million for a separate one-bedroom apartment in the same building on a lower floor, according to the Journal. Och moved to Florida for tax purposes at the time of the purchase.
It is not known who purchased the property and if the smaller apartment was included in the sale. Deborah Kern of the Corcoran Group, Och's agent, didn't want to comment on the properties.
According to real-time tracking by Forbes, the founder of Och-Ziff Capital Management, who has a net worth of $4.1 billion, still owns a penthouse near 15 Central Park WestCentral Park West, which was listed for $57.5 million in 2019 and has been taken off the market, the Journal reports.
220 Central Park SouthCentral Park South is one of the most expensive addresses in America. In the year 2019, Ken Griffin, Citadel CEO, paid $238 million for an apartment in the building.
The property, which is managed by Vornado Realty Trust, is designed by Robert A.M. Stern Architects and Thierry Despont. The classical pre-war design features an Alabama Silver Shadow limestone facade and the building contains private dining rooms, an athletic club and a spa.