Vornado’s 220 Central Park South sees a $55M closing

UPDATED, Oct. 28, 2019, 5:40 p.m.: As with many high-priced buys at Vornado Realty Trust’s 220 Central Park South, the sale of a 45th-floor aerie closed this month with little fanfare.

A trust named “DCJ220CPS” dropped $55 million on the 6,591-square-foot condo, marking the latest in a series of pricey closings at the Robert A.M. Stern-designed luxury tower. The buyers of unit 45A are David and Constance Littman, according to the Wall Street Journal’s analysis of mortgage documents. David Littman is the founder of Littman Brands, which owns high-end lighting companies.

The Littmans’ purchase works out to $8,419 per square foot. According to the condo plan, the unit has five bedrooms, six bathrooms and two powder rooms.

The buyers’ authorized signatory could not be reached for comment. Representatives for Corcoran Sunshine, the team marketing the building, declined to comment.

While one in four new condos in Manhattan are currently sitting unsold, 220 Central Park South has proved a rare success in a difficult market. Since sales launched in 2015, the building has boasted record deals — hedge funder Ken Griffin dropped $238 million for the penthouse in January — and paid off its $950 million construction loan from the Bank of China.

Other high-profile buyers at the building include British musician Sting, Brazilian construction heiress Renata de Camargo and hedge funder Daniel Och.

Write to Sylvia Varnham O’Regan at so@therealdeal.com

Update: This story was updated to include the identity of the buyers. The story previously stated that sales launched in 2018. Sales launched in 2015, and closings began in 2018.