The Real Deal New York

Anonymous LLC is first buyer at 220 CPS

"Great Lawn Holdings" paid $14.6M for three-bedroom pad
By E.B. Solomont | October 24, 2018 12:48PM

Steve Roth and 220 Central Park South (Credit: Getty Images)

The first unit to close at 220 Central Park South sold at roughly asking price, with the buyer paying $14.63 million, property records show.

The buyer — dubbed Great Lawn Holdings LLC — went into contract on Unit 24B in December 2017, according to property records filed with the city. The deed, which was recorded Wednesday, was signed by real estate attorney James Killean, a signatory for Vaux Capital.

According to the condominium’s offering plan, the 24th-floor unit features three bedrooms and three bathrooms spread across 2,616 square feet. It was priced at $14.65 million, or $5,600 a square foot.

Developer Vornado Realty Trust began sending out closing notices in recent weeks after obtaining a certificate of occupancy for the Billionaires’ Row tower, The Real Deal reported last week.

Last month, Vornado increased the total projected sellout for the project to $3.4 billion, according to filings with the state Attorney General’s office.

The Robert A.M. Stern-designed tower is poised to rival buildings like 15 Central Park West. The 118-unit tower’s top penthouse is a 23,000-square-foot aerie asking $250 million. Vornado CEO Steve Roth met personally prospective buyers, who are rumored to include Sting and Ken Griffin.

Brokers said they’ve been told the building is more than 70 percent sold. The last time Vornado gave an update was in late 2015, when Roth said the real estate investment trust had contracts valued at $1.1 billion six weeks after launching sales.

Corcoran Sunshine Marketing Group has been handling sales.

Deborah Kern, sales director at 220 Central Park South, had no comment.