Billionaires' Row is a group of ultra-luxury residential skyscrapers, and the neighborhood surrounding them, near the southern end of Central Park in the Midtown section of Manhattan in New York City.
[4] The top penthouse at 432 Park Avenue went to Saudi retail magnate Fawaz Al Hokair for $87.7 million, and hedge fund manager Kenneth C. Griffin is said to have bought four floors at 220 Central Park South for $238 million, breaking One57's record for the most expensive home sold in New York City and setting a new record for the most expensive home sold in the United States.
[7] These projects have highlighted the controversial economic conditions[8][9] and zoning policies[10] that have encouraged these buildings, and concerns have been raised about their effects have on the surrounding neighborhoods and the shadows they cast on Central Park.
[19] New laws in China restricting capital outflow have also been implemented, and lower oil prices have affected potential Middle Eastern buyers.
[24] By then, several other even-taller skyscrapers were proposed or under construction along the stretch of 57th Street roughly corresponding to the southern edge of Central Park.