Hedge Funder’s 220 CPS Condo Tops Manhattan’s Luxury Contracts

A hedge funder’s apartment on Billionaires’ Row capped a busy start to December for Manhattan’s luxury market.

Unit 55B at 220 Central Park South, asking $37.5 million, was the priciest of 34 homes asking $4 million or more to find buyers between Dec. 2 and Dec. 5, according to Olshan Realty’s weekly report. The total was up from just 15 contracts signed in the previous week, which was shortened due to the Thanksgiving holiday.

The half-floor spread in 2021 traded in the first resale at Vornado Realty Trust’s supertall, which has seen units trade for premiums after sponsor sales. The three-bedroom apartment was purchased for $33 million in May of that year by Igor Tulchinsky, the Belarusian-born founder and CEO of WorldQuant.

The unit spans 3,200 square feet and has three bathrooms and a 35-foot living room. Amenities in the building include a motor court, saline pool, squash court and terrace.

Ryan Serhant of his eponymous brokerage had the listing.

The second most expensive home to snag an inked deal was 114 Waverly Place, with an asking price just under $23 million. The Greenwich Village townhouse, built in 1836, spans 6,800 square feet and has five bedrooms, five bathrooms and an elevator.

House flippers Bob and Cortney Novogratz bought the five-story home in August 2019 for $8.5 million. The couple listed the property in September after a three-year renovation. The abode also features a garden, top-floor great room with a double-height ceiling and rooftop terrace.

Douglas Elliman’s Christopher Riccio had the listing.

The pending townhouse deal comes after a megamansion in the neighborhood set a new Downtown Manhattan record when it sold for $73 million in January. In the spring, Glossier founder Emily Weiss and her partner, fintech executive William Gaybrick, sold their Greenwich Village pad for $17.3 million, just a few months after purchasing it for roughly $18 million.

Of the 34 properties, 21 were condos, six were co-ops, two were condops and five were townhouses.

The homes’ combined asking price was $317 million, which works out to an average price of $9.3 million and a median of $7.6 million. The typical home spent nearly 570 days on the market and was discounted 8 percent from the original listing price.