Car dealer drops $38M for condo at 220 CPS

Sales at the Vornado tower have been strong despite struggles in the luxury market

TRD New York /
Oct.October 02, 2019 10:45 AM
220 Central Park South and Michael Cantanucci (Credit: Getty Images and Google Maps)

220 Central Park South and Michael Cantanucci (Credit: Getty Images and Google Maps)

He’s no stranger to deals, and this one’s big.

An entity tied to Michael Cantanucci, owner of a national luxury car dealership, has dropped $38.1 million for a 4,814-square-foot condo at 220 Central Park South, property records show. That works out to just over $7,900 per square foot.

The four-bedroom condo stretches across both the 54th and 55th floors of the ultra-luxury Vornado Realty Trust tower, and includes five bathrooms and a powder room. The property was purchased under an LLC named “MKC Properties,” which is managed by Cantanucci and his wife, Kimberly. The couple could not be reached for comment.

The sale is the latest at 220 Central Park South, which broke the record for New York’s priciest sale earlier this year when hedge funder Ken Griffin bought a penthouse in the building for $238 million.

Other high-profile buyers in the building include billionaire Dan Och, musician Sting and Brazilian construction heiress, Renata de Camargo Nascimento.

Cantanucci’s business, New Country Motor Car Group, operates dealerships that sell Audis and other luxury imported cars.

Corcoran Sunshine Marketing Group, which is handling sales at 220 Central Park South, declined to comment.


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
220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo trades for over $10K psf

Another 220 Central Park South condo trades for over $10K psf
731 Lexington Avenue and 410 East 61st Street (inset) with Vornado's Steve Roth (Googel Maps; VNO)

Home Depot eyes former Bed Bath & Beyond space on First Ave

Home Depot eyes former Bed Bath & Beyond space on First Ave
220 Central Park South and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo sells for $61.6M

Another 220 Central Park South condo sells for $61.6M
(iStock)

Remote work threatens cash flows for office REITs

Remote work threatens cash flows for office REITs
220 Central Park South and Vornado chairman Steven Roth (Credit: Google Maps and Getty Images)

Mystery buyer closes on 220 Central Park South pad for $62M

Mystery buyer closes on 220 Central Park South pad for $62M
arrow_forward_ios

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

Loading...