Ken Griffin in contract for Calvin Klein’s Hamptons compound

Billionaire’s property portfolio includes the penthouse at 220 Central Park South, for which he dropped $238M

New York /
Feb.February 20, 2020 08:59 AM
Ken Griffin and Calvin Klein’s Hamptons compound (Credit: Getty Images, Google Maps)

Ken Griffin and Calvin Klein’s Hamptons compound (Credit: Getty Images, Google Maps)

Billionaire Ken Griffin has added another property to his ever-expanding luxury portfolio.

The hedge funder, who famously dropped $238 million on a penthouse apartment at 220 Central Park South, is in contract to buy a compound in Southampton that belongs to Calvin Klein, according to the Wall Street Journal.

Klein purchased the original property at the site in 2003 for almost $30 million. The seller was Francesco Galesi, a real estate executive.

After a gut renovation, Klein decided to demolish the distinctive home and start from scratch. His modernist creation was “all about the views,” he said in a 2015 interview.

The home, which wasn’t officially on the market, could be worth as much as $100 million, sources told the Journal.

The deal is yet to close. When it does, it will add significant value to Griffin’s already enormous portfolio of luxury properties.

The Citadel founder and CEO owns properties in London, Los Angeles, Chicago and Miami. His recent $99 million purchase in Palm Beach brought his total investment in the area to $350 million. [WSJ] — Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
From left: JDS Development Group's Michael Stern and Susquehanna International Group's Tim Gong along with 111 West 57th Street (Photo Illustration by Steven Dilakian for The Real Deal with JDS, SIG China, TikTok and Kidfly182, CC BY-SA 4.0 - via Wikimedia Commons)
TikTok investor buys twice at 111 West 57th Street
TikTok investor buys twice at 111 West 57th Street
A photo illustration of John D. Rockefeller and 181 Glenville Road in Greenwich, Connecticut (Getty, Sotheby's International Realty, Published by Scientific American Compiling Dep't, New York. 1907., Public domain, via Wikimedia Commons)
Rockefeller descendants list 54-acre parcel from Greenwich estate
Rockefeller descendants list 54-acre parcel from Greenwich estate
15 East 90th Street and 325 West Broadway (Getty, CityRealty, Streeteasy)
Thanksgiving-week buyers gobble up 15 luxury Manhattan homes
Thanksgiving-week buyers gobble up 15 luxury Manhattan homes
East Hampton Town Supervisor Peter Van Scoyoc and 350 Pantigo Road (Zillow, Getty, Town of East Hampton)
Hamptons town could buy former department store land to build homes
Hamptons town could buy former department store land to build homes
The house on Britten Street in Chelsea, London (Harding Green, Getty)
School-bus sized London apartment lists for $1.4M
School-bus sized London apartment lists for $1.4M
Suzy Welch and 834 Fifth Avenue #7B (Streeteasy, Getty)
Suzy Welch sells Fifth Avenue co-op at a discount
Suzy Welch sells Fifth Avenue co-op at a discount
55 Mercer Street (Zillow)
Jersey City single-family home sets sales record
Jersey City single-family home sets sales record
Unit 124 at 217 West 57th Street and Gary Barnett (Extell Development, StreetEasy)
“124th floor” at Central Park Tower tops Manhattan luxury contracts
“124th floor” at Central Park Tower tops Manhattan luxury contracts
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...