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.

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