The Real Deal New York

Two more condo sales just closed at 220 CPS

They follow a string of recent deals
By Meenal Vamburkar | December 18, 2018 04:00PM

220 Central Park South and Vornado Realty CEO Steven Roth (Credit: iStock and Getty Images)

The closings keep rolling in at Vornado Realty Trust’s 220 Central Park South.

Unit 29A sold for $28.5 million, according to records filed with New York City’s Department of Finance. The anonymous buyer is listed as The Residence Valluga South Trust.

In the condominium offering plan, the unit was priced at $24.25 million. The home, which spans about 3,700 square feet, ultimately sold for about $7,600 per square foot. The trustee, attorney Jeffrey Cooper, couldn’t immediately be reached for comment.

The closing for Unit 30A also hit property records, with a sale price of $29.1 million. The buyer is again anonymous, listed as R&S Star LLC. The home, which is the same size as Unit 29A, was priced at $24.5 million in the offering plan. It sold for about $7,800 per square foot.

The prices for these units are in line with a similar condo that closed for $28.4 million last week. The LLC behind that purchase is associated with the DLA Piper law firm in Miami.

Closings started at the Vornado project in October. The first unit to close went to an anonymous buyer who paid $14.63 million. In November, Chinese hotelier Tong Tong Zhao Unit 27A for $13.5 million.

Vornado is looking at $1 billion in profits from sales at the building. In its last update, the developer said the project was 83 percent sold.