Here’s the latest high-priced closing at
220 CPS

The condo sold for $23.4M

TRD New York /
Mar.March 26, 2019 02:00 PM

220 Central Park South and Vornado’s Steve Roth (Credit: CityRealty and Getty Images)

The latest unit sold at Vornado Realty Trust’s 220 Central Park South went for $23.4 million.

The anonymous buyer is listed as Fantastico New York LLC, according to records filed with New York City’s Department of Finance. The asking price was $22.7 million, per the condominium offering plan.

Unit 40A spans 3,114 square feet and has three bedrooms. The purchase price comes out to $7,510 per square foot. Property records note that the sale was for “multiple residential condo” units but it wasn’t immediately clear what else was part of the deal. The buyer’s attorney, Bruce Cohen at Cohen and Frankel, didn’t immediately respond to a request for comment.

The unit is currently listing as a rental asking $59,000 a month. Corcoran’s Carrie Chiang, Loy Carlos and Andres Perea-Garzon have the listing. Two other units at the tower are also listed as rentals.

The deal follows a string of high-priced sales at the building. Earlier this month, another anonymous buyer paid $22.5 million for Unit 38A at the 79-story limestone tower. That unit is also listed as a $59,000-per-month rental. Amenities at the tower include a wine cellar, juice bar, library, swimming pool, basketball court and a golf simulator room.

Aside from billionaire Ken Griffin’s record-breaking $238 million purchase, other buyers at 220 Central Park South include Paramount Group CEO Albert Behler, hedge funder Daniel Och and debt-collection mogul Andrew Zaro.

Vornado is making profits estimated to hit $1 billion, according to the company’s fourth-quarter earnings call. The project has an estimated sellout of $3.4 billion and total construction cost of $1.4 billion. All 27 of the full-floor units have now sold.


Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)

Free and clear: Vornado pays off debt at 220 CPS

Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)

Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue

Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
Zillow's Rich Barton (iStock)

Zillow launches brokerage to boost iBuying

Zillow launches brokerage to boost iBuying
421 Broome Street (Google Maps)

Soho penthouse buy sets record despite price chop

Soho penthouse buy sets record despite price chop
Oxford Property Group CEO Adam Mahfouda and (inset) the late Bianka Yankov (Mahfouda courtesy of Propco Holdings, iStock, Linkedin)

Oxford Property Group acquires Spire, expands to nearly 800 agents

Oxford Property Group acquires Spire, expands to nearly 800 agents
Brooklyn’s Sunset Park is in the midst of a severe housing crisis and in desperate need of affordable housing. (Photo by Jim.henderson via Wikipedia)

Sunset Park faces severe affordable housing shortage: report

Sunset Park faces severe affordable housing shortage: report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...