Billionaire hedge funder Ken Griffin’s record-breaking purchase of a penthouse at 220 Central Park South is both a strong sign of confidence in New York’s real estate market and an exceptionally rare type of purchase that won’t happen again anytime soon, experts say. “It’s a massive deal in size and price, but it’s an outlier,” said broker Jeffrey Fields of R New York. “It doesn’t reflect market conditions—far from it.” Griffin, founder of the hedge […]
source https://therealdeal.com/2019/01/24/the-resi-world-reacts-to-ken-griffins-record-setting-buy-at-220-cps/
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