Vornado’s 220 Central Park South closes another pricey condo

A 47th-floor unit went to an anonymous buyer for $61 million

New York /
Oct.October 31, 2019 05:40 PM
220 Central Park South

220 Central Park South

The hits keep coming at 220 Central Park South.

Property records filed Thursday show that an anonymous buyer picked up a 47th-floor unit for $61 million in late September. The filing comes days after another major sale was recorded at the Vornado building for a $55 million unit just two floors below.

According to the condo declaration, unit 47A has five bedrooms, six bathrooms and two powder rooms. At 6,591 square feet, it prices out at $9,255 per square foot.

The buyer was identified only as “47 SPC I, LLC,” with an address in Los Angeles. The authorized signatory, real estate attorney Catherine Cosgrove, did not respond to a request for comment.

The high-priced sales are good news for the luxury market, which has been struggling with an oversupply of new condos. To combat the decline, developers have been rolling out all the stops: introducing rent-to-own programs, offering tax concessions and implementing years-long waivers for common charges.

At 220 Central Park South, sales have been consistently strong. In January hedge funder Ken Griffin dropped $238 million for the 23,000-square-foot quadplex penthouse. The 45th floor condo that sold earlier this month for $55 million went to David Littman, the founder of Littman Brands, and his wife, Constance.


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