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Billionaire sets US record by purchasing $238 million home in New York

Posted at 12:12 PM, Jan 24, 2019

A hedge fund billionaire has just set a record for spending the highest amount ever on a home in the United States — and it's an apartment.

The apartment in Central Park went for $238 million, which is more than double the previous record price paid for a residence in New York City, The New York Times reports.

The previous record was a sale of $100.7 million in 2014, which was for an East Hampton home, the NYT says .

The announcement of the purchase and closure for the Central Park apartment was made by the buyer's spokesperson, Kenneth Griffin. The buyer was not identified.

The unit is a 24,000-square foot combination of two apartments built by Vornado Trust Realty and designed by the firm of Robert A.M. Stern. It is still under construction, the NYT reports.