![220 Central Park South and Steve Roth (Google Maps, Getty)](https://static.therealdeal.com/wp-content/uploads/2020/09/493-Another-220-Central-Park-South-condo-sells-for-61.6M-200x200.jpg)
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Another 220 Central Park South condo trades for over $10K psf
$63M deal is third closing at the Billionaires’ Row tower this month
![220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)](https://static.therealdeal.com/wp-content/uploads/2020/09/1200-Another-unit-at-220-Central-Park-South-trades-for-63M-as-some-begin-to-wonder-about-resale-value.jpg)
For the third time this month, a condominium at 220 Central Park South closed for upwards of $10,000 per square foot.
Unit 71 in the tower portion of Vornado Realty Trust’s condo building sold to an unknown buyer for $62.6 million, according to property records. The 5,935-square-foot pad went into contract in August 2018 and finally closed last week. The deal pencils out to $10,550 per square foot.
The four-bedroom unit includes a library, dining room, eat-in kitchen and living room overlooking Central Park, plus 100 square feet of terraces, according to the condominium’s offering plan.
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![220 Central Park South and Steve Roth (Google Maps, Getty)](https://static.therealdeal.com/wp-content/uploads/2020/09/493-Another-220-Central-Park-South-condo-sells-for-61.6M-200x200.jpg)
![220 Central Park South and Vornado chairman Steven Roth (Credit: Google Maps and Getty Images)](https://static.therealdeal.com/wp-content/uploads/2020/09/ft-mystery-buyer-220-cps-200x200.jpg)
![Steve Roth and 220 Central Park South (Getty)](https://static.therealdeal.com/wp-content/uploads/2020/07/493-100M-penthouse-at-220-CPS-is-latest-in-string-of-closings-for-Vornado-200x200.jpg)
The unit directly above this one closed earlier this month for $63 million, while the unit directly below sold at the end of August for $61 million, records show. Another unit on the 69th floor traded last week for $61.6 million.
Big-ticket closings at Vornado’s tower have been rolling in throughout the pandemic, buoying the real estate investment trust’s liquidity to $3.8 billion as the firm declared losses on retail projects elsewhere in the city.
At the height of summer, a penthouse in the building sold for $100 million, or a stunning $12,000 per square foot. Vornado has fewer than 30 residences left to unload at the property, according to a TRD analysis conducted at the start of September.
Louise Sunshine, founder of the Sunshine Group, raised the specter of resale value at the property during a TRD Talks webinar on Wednesday.
“I was involved in a building called 220 Central Park South, which to date is getting the highest prices in New York — $10,000 a foot — and you know, it is really a quality building,” said Sunshine during the event. “The question is, will it maintain its value of $10,000 a square foot? I don’t know.”
At the start of the year, Richard Leibovitch, co-founder of Arel Capital, seemed poised to be the first buyer at the property to resell his unit. He listed it for $36 million, nearly $10 million more than he paid two years before. It’s still on the market for $33 million.