UPDATED Feb. 27, 8:00 p.m. Real estate executive Ofer Yardeni turned a $12 million profit on his 220 Central Park South condo.
The CEO and chairman of Stonehenge NYC sold his 37th-floor unit to an unknown buyer for $33.8 million, according to property records. The price in the off-market deal is around $11 million more than the unit traded for in 2019.
The Modlin Group’s Adam Modlin had the listing. The broker previously listed the unit as a rental in February 2022 with an asking monthly price of $75,000. Modlin pulled the listing from the market in November.
The condo, which sold for $11,100 per square foot, has three bedrooms and three bathrooms with sweeping views of Manhattan and Central Park.
The Billionaire’s Row tower came to be known as the world’s most profitable condo after the 66-story building raked in $1 billion in profits by the end of 2020, saving developer Vornado Realty Trust from a year fraught with financial losses.
The supertall holds the record for the priciest residential deal in the United States: a 23,000-square-foot quadplex purchased by hedge fund titan Ken Griffin for $240 million.
It has attracted a slate of other notable buyers, including Sting and Trudy Styler who bought a $66 million penthouse in 2019. Billionaire investor Daniel Och sold his penthouse to Joe Tsai last January for $188 million, almost doubling what he paid for the unit.
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Designed by Robert Stern, the limestone tower includes 118 units and an 18-story villa fronting Central Park. The building features interiors by Thierry W. Despont, a resident-only restaurant by Jean-Georges Vongerichten, landscaped outdoor terraces and fitness center.