Even by New York City’s sky-scraping luxury real estate standards, millionaire and billionaire buyers need to find their way. And in the case of Garmin co-founder Min Kao, he got clear direction to take a different road when it came to his 15 Central Park West apartment. According to a recent report, the innovator behind the GPS giant has listed it for $55 million.
While there’s no touching the $238 million, record-setting apartment sale set by financier Ken Griffin at 220 Central Park South earlier this year, this condo is certainly one that deserves attention. At just over 4,000 square feet, the 3-bedroom, 3.5-bathroom penthouse tops out at a whopping $13,667 price per square foot at its lofty list price.
Records show that Kao paid $40 million for the 41st-floor unit in 2011, which The Real Deal noted was a record per-square-foot price at that time. He purchased the apartment from William Lie Zeckendorf, co-chairman of Terra Holdings and grandson of the late William Zeckendorf, whose real estate empire once included the Chrysler Building and Hotel Astor.
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Listing agent Noble Black at Douglas Elliman noted that the interior of this unit in Robert A.M. Stern’s celebrated “Limestone Jesus” building in Lincoln Square was richly redone by designer Tony Ingrao, who boldly emphasized the 13-foot ceilings and grand scale of this apartment.
The interior finishes include gorgeous custom millwork and flooring made of “exotic woods, marbles and onyx to create a warm and seamless interior design.” To make life even easier in this incredible perch over Central Park, the home is fully automated.
See more photos of the penthouse here:
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