Another $60M condo closes at 220 Central Park South

Deal works out to about $9K per square foot

New York /
Nov.November 25, 2019 03:05 PM
220 Central Park South and Vornado chairman Steven Roth (Credit: Google Maps and Getty Images)

220 Central Park South and Vornado chairman Steven Roth (Credit: Google Maps and Getty Images)

Another buyer has dropped almost $60 million on a 46th-floor unit at Vornado Realty Trust’s ultra-luxury development, 220 Central Park South.

The purchaser was CPV46LLC, which has the address of a St. Petersburg, Fla. home owned by Frederick and Janine Arnold. The price tag was about $59.6 million for the condominium.

A message left with the Arnolds was not immediately returned.

The five-bedroom, two-bathroom pad, #46A, measures 6,591 square feet. The deal pencils out to almost $9,037 per square foot.

According to a Tampa Bay Times story from 2015, Frederick Arnold is an attorney and was CFO of Convergex and Janine Arnold is an interior designer. (Their purchase of a 28th-floor penthouse was among the priciest home buys in the Tampa Bay area that year.)

Convergex was an agency-focused global brokerage that in 2017 was acquired by financial services firm Cowen Group for $116 million.

The buy follows a string of other recent high-priced closings at the 70-story Billionaires’ Row tower.

In October, an LLC tied to David and Constance Littman shelled out $55 million for a 45th-floor condo. Another entity earlier this month spent over $64 million on a 49th-floor pad.

Sales at the property began in 2015 and closings commenced in 2018. Vornado said it paid off the building’s debt in July. It’s not publicly known when #46A went into contract.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
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
Extell president Gary Barnett, 510 East 14th Street and RXR Realty CEO Scott Rechler (Getty, EVGB)
Extell sells stake in Manhattan rentals to RXR Realty
Extell sells stake in Manhattan rentals to RXR Realty
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
A two floor unit in The Benson on Madison Ave was the priciest home to go into contract last week. (The Benson)
Best week since 2019 for Manhattan luxury market
Best week since 2019 for Manhattan luxury market
arrow_forward_ios

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

Loading...