These are the most notable resi sales around NYC last week

Three anonymous buyers snap up homes at Vornado’s 220 CPS

TRD New York /
Aug.August 05, 2019 08:15 AM
From left: Vornado’s Steve Roth, 220 Central Park South, and 1110 Park Avenue (Credit: Getty Images, iStock, and StreetEasy)

From left: Vornado’s Steve Roth, 220 Central Park South, and 1110 Park Avenue (Credit: Getty Images, iStock, and StreetEasy)

The Big Apple saw some pricey deals recently, including developer Elie Hirschfeld parting with his Upper East Side penthouse for $34 million and musician Sting closing on his 220 Central Park South penthouse for almost $66 million. Here are some other head-turning deals from the past week.

(Source: A TRD analysis of property records filed with the New York City Department of Finance from July 26 to Aug. 2.)

1.) Vornado Realty Trust’s ultra-luxury tower at 220 Central Park South has officially finished paying off its debt. And over the past week, the building saw at least three other sales over $20 million by anonymous buyers hit property records. 220 CPS Parkview LLC shelled out $26.75 million for #44B, Fantastico NYC bought #39B for $24.1 million and Soy Park View got #37B for about $22.2 million. All are three-bedroom pads, measuring 3,043 square feet.

2.) At Toll Brothers’ 1110 Park Avenue in the Upper East Side, hedge funder Andrew J. Immerman, through an LLC, bought a sponsor unit for about $11.6 million. In June, the building’s penthouse sold for $17.25 million, a roughly 50 percent discount from its asking price and after sitting on the market for four years. Immerman’s four-bedroom, nearly 5,100-square-foot unit was asking $20 million when it hit the market in 2015 — a 42 percent discount. The deal pencils out to about $2,275 per square foot. Douglas Elliman’s Tamir Shemesh represented Toll Brothers in the transaction.

3.) In Cobble Hill, the great-great-grandson of President Theodore Roosevelt, financier Theodore Roosevelt V, and his wife Serena Torrey Roosevelt, a strategy and communications consultant, bought a townhouse at 28 Bergen Street for $4.96 million. The sellers were Susan and Peter Hedges, who had bought the property in 2006 for $1.98 million. The three-story, five-bedroom sits along a row of clapboard-style townhouses. The home went on the market in May, asking $4.75 million. Corcoran’s James Cornell and Leslie Marshall represented the sellers, and Corcoran’s Deborah Rieders represented the buyers.

 

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