Another $60M condo closes at 220 Central Park South

Deal works out to about $9K per square foot

TRD 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.

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