New York Apartment for Sale: $250 Million

A luxury 90-floor apartment skyscraper called "One57," left, rises above all other buildings overlooking Central Park, while a crane sits atop ongoing construction for a new condominium skyscraper at 220 Central Park South, Thursday May 26, 2016, in New York. A penthouse in One57 went for $100.5 million in 2014, but an apartment in the new condominium is expected to sell for $250 million. AP Photo/Bebeto Matthews

It’s common knowledge that a window view of New York’s Central Park saps a hefty premium from your account.

Still, one development company recently redefined what “premium” means, listing an apartment with a view of the iconic park for a surreal sum of $250 million.

The apartment spans floors 50 to 53 of the 220 Central Park South skyscraper; its developer, Vornado Realty Trust, revealed the price in a filing to the New York attorney general, The Real Deal reported.

Given recent headlines about New York apartments on sale for $100 million, $115 million, or even $120 million, another nine-figure listing may not sound that groundbreaking.

So let’s take a step back.

How much is $250 million in the real estate world?

It’s about the construction cost of the entire Chrysler Building---in today’s dollars.

For the same money you can buy the three of the most expensive estates in the Hamptons and still have enough money left to buy a 2-bedroom apartment on the Upper West Side---with a view of Central Park.

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