Car dealer drops $38M for condo at 220 CPS

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

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
Equitable CEO Mark Pearson and Fisher Brothers’ CEO Ken Fisher with 1345 Avenue of the Americas (Google Maps)
Equitable Life Insurance inks 130K sf lease for new office
Equitable Life Insurance inks 130K sf lease for new office
Vornado's Steve Roth, 555 California Street in San Francisco and Donald Trump (Getty, Wikipedia Commons)
Vornado, Trump Org lock in big renewals at SF office tower
Vornado, Trump Org lock in big renewals at SF office tower
Photo illustration of Vornado CEO Steven Roth, (Getty, iStock/Illustration by Kevin Rebong for The Real Deal)
Vornado’s effort to dump Trump was “news to me”: Steve Roth
Vornado’s effort to dump Trump was “news to me”: Steve Roth
70 Vestry Street and 1010 Park Avenue (Google Maps, iStock)
Tribeca condo with bumped-up asking price tops Manhattan contracts
Tribeca condo with bumped-up asking price tops Manhattan contracts
(Illustration by Kevin Rebong for The Real Deal)
Developers pitch New York City casino
Developers pitch New York City casino
arrow_forward_ios

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

Loading...