Billionaire Ken Griffin’s $238 million apartment helped boost the average Manhattan real estate price by 10%

Billionaire Ken Griffian bought the most expensive house in the United States at $238 million in New York City.
Billionaire Ken Griffian bought the most expensive house in the United States at $238 million in New York City.
Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018. Photo: David A. Grogan | CNBC

It was the sale that shocked the world — and the housing data.

Hedge fund billionaire Ken Griffin’s $238 million purchase of a condo in Manhattan single-handedly boosted the average sales price in the borough by more than $100,000 in the first quarter, according to an analysis.

A report from Douglas Elliman and Miller Samuel showed that the average sales price for an apartment in Manhattan rose nearly 10 percent to $2,118,780 in the first quarter from a year earlier. That number surprised many since the Manhattan real estate market has been on a downward slide for over a year and a half.

Read more and view original web page at – Hedge fund manager Ken Griffin buys $238 million condo in NYC, boosting prices

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