Vornado sells another $55M condo at 220 Central Park South

The project’s sellout so far is about $1.8B

New York /
Jan.January 02, 2020 07:00 AM
Vornado Realty Trust’s Steve Roth and 220 Central Park South (Credit: Getty Images, Google Maps, iStock)

Vornado Realty Trust’s Steve Roth and 220 Central Park South (Credit: Getty Images, Google Maps, iStock)

There’s been another $55 million condominium sale at Vornado Realty Trust’s Billionaire’s Row tower, 220 Central Park South.

The sale brings the total sellout of the project so far to about $1.84 billion, according to property records.

The entity Dauton66 LLC bought unit #66 for $54.5 million, property records filed Tuesday show. The buyer, which records name Armelle Koelf as the company’s authorized signatory, also took out a $38 million mortgage for the transaction.

Koelf appears to be connected to Next Alt S.a r.l., the Luxembourg-based personal holding company of billionaire Patrick Drahi, according to a 2018 filing with the Securities and Exchange Commission. Drahi founded telecommunications giant Altice. A message sent to Koelf on what appears to be Koelf’s LinkedIn profile was not returned, nor was a message to Altice’s communications team.

The four-bedroom, full-floor unit spans 5,935 square feet, making the closing price $9,183 per square foot. Vornado had been seeking $56.5 million for the unit, according to a 2016 offering plan.

Like a number of other buyers at the building, Dauton66 had gone into contract on the deal years ago, in 2016.

Vornado has sold at least 63 units so far, according to property records. Including the staff/guest units, the closings average about $29.2 million per condo.

Other recent high-priced deals at the 70-story building include the nearly $60 million sale of the 48th floor condo and Och-Ziff Capital Management Daniel Och’s purchase of a $93 million penthouse.

Corcoran’s Deborah Kern is representing Vornado to sell the homes at the building. She declined to comment.


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