Mystery buyer pays $24M for 220 CPS pad

Unit 42A sold for about $7,600 psf

TRD New York /
Apr.April 03, 2019 02:30 PM

220 Central Park South (Credit: CityRealty)

Another unit has closed at 220 Central Park South — and like the others, there was no discount to be found.

An anonymous buyer sealed the deal for Unit 42A, paying $23.7 million, according to records filed with New York City’s Department of Finance. The unit was asking $23.3 million, per the original condominium offering plan.

The apartment spans 3,114 square feet and has three bedrooms. The sale price comes out to $7,618 per square foot. The buyer financed the purchase with a $17.3 million mortgage from Bank of America.

Earlier this month, another anonymous buyer bought two units at the building on the same day. The unknown person bought unit 41A for $23.4 million, or roughly $7,500 per square foot, and unit 19G for $1.8 million, or roughly $3,600 per square foot.

The 79-story limestone tower was developed by Vornado Realty Trust and designed by Robert A.M. Stern. Amenities include a wine cellar, juice bar, library, swimming pool, basketball court, and a golf simulator room. Closings at the building began in October. Vornado estimates profits at the condo to check in around $1 billion.

The latest buyer will join billionaire hedge funder Ken Griffin, who bought the building’s penthouse for a record-breaking $238 million; hedge funder Daniel Ochs; investment executive Richard Leibovitch; Brazilian construction heiress Renata de Camargo Nascimento; debt-collection mogul Andrew Zaro; and Albert Behler, chairman and chief executive of real estate investment trust Paramount Group.


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
At record-breaking 220 Central Park South, a unit just closed at $6,400 a foot

At record-breaking 220 Central Park South, a unit just closed at $6,400 a foot

At record-breaking 220 Central Park South, a unit just closed at $6,400 a foot
Against all odds: A by-the-numbers look inside Vornado’s 220 Central Park South

Against all odds: A by-the-numbers look inside Vornado’s 220 Central Park South

Against all odds: A by-the-numbers look inside Vornado’s 220 Central Park South
(iStock)

Manhattan co-op sales prices saw 11% drop in Q2

Manhattan co-op sales prices saw 11% drop in Q2
(iStock)

Manhattan vacancy hits new peak; Brooklyn stable

Manhattan vacancy hits new peak; Brooklyn stable
200 Water Street and 31 Prospect Park West (Google Maps)

Brooklyn’s luxury deal totals rise for 3rd straight week

Brooklyn’s luxury deal totals rise for 3rd straight week
Metro areas with less affordable housing drive high-income buyers to eye homes in lower-income neighborhoods at disproportionate rates (iStock)

TRD Insights: Gentrification happening fastest in least affordable cities

TRD Insights: Gentrification happening fastest in least affordable cities
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
arrow_forward_ios

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

Loading...