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

Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)

“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

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook with a rendering of the Farley development (Credit: Getty Images, SOM iStock)

Facebook facing off with Apple over space in Vornado’s Farley Building conversion

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

arrow_forward_ios