Mystery buyer pays $24M for 220 CPS pad

Unit 42A sold for about $7,600 psf

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
(Illustration by Alexis Manrodt for The Real Deal)
The Real Deal’s Prodigy exposé wins NY Press Club Award
The Real Deal’s Prodigy exposé wins NY Press Club Award
The penthouse in Lightstone's 40 East End was the most expensive contract, with developer David Edelstein of TriStar Capital selling the second priciest (Lightstone, Getty)
After early-July lull, Manhattan luxury deals are on the upswing again
After early-July lull, Manhattan luxury deals are on the upswing again
Brad Inman and Beringer Capital's Perry Miele (Inman, Beringer)
Inman acquired by private equity firm Beringer Capital
Inman acquired by private equity firm Beringer Capital
Gov. Andrew Cuomo (Getty, iStock)
NY rent relief rollout slowly inches forward as evictions loom
NY rent relief rollout slowly inches forward as evictions loom
Eric Adams (Getty, iStock)
City program could supplement state rent relief — if next mayor signs off
City program could supplement state rent relief — if next mayor signs off
arrow_forward_ios

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

Loading...