Manhattan Penthouse Apartment Sells for $88 Million

The Central Park West apartment is now the most expensive in New York

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    The building at 15 Central Park West stands at the edge of Central Park in New York.

    The family of a Russian billionaire has bought a New York City penthouse apartment for $88 million.

    The Wall Street Journal says the property on Central Park West in Manhattan is now the most expensive apartment in New York.

    The seller was Sanford I. Weill, the former head of Citigroup Inc. It was bought by a trust for the daughter of Dmitry Rybolovlev.

    Features of the apartment include a wraparound terrace.

    The Journal says the sale generated nearly $2.5 million in city and state taxes.

    The brokers' commission: about $3.5 million.

    The deal closed on Wednesday.

    Weill previously said he plans to donate the proceeds of the sale to charity.