Prices at 220 Central Park South just keep going up.
Vornado Realty Trust’s Billionaires’ Row supertall scored the most expensive sale of the (two-month-old) year with a resale for a unit on the 45th floor closing for $82.5 million, according to public records.
The deal for the unit, which last sold for $75 million in October 2023, adds to a series of markups on its resale units while other condo buildings have been cutting prices in attempts to find buyers.
The 6,000-square-foot home was sold off market to an undisclosed buyer. Previous floor plans showed that the full-floor condo has five bedrooms, six bathrooms and two powder rooms. The plans showed that the home includes a wine room, library and two balconies.
In addition to the 45th-floor unit, the seller also purchased a two-bedroom, two-bathroom unit on the 19th floor for $5 million in May 2023, which did not appear to change hands in this deal, according to public records.
The seller was media mogul Byron Allen, the Wall Street Journal first reported. The founder of the Allen Media Group owns a number of luxury homes around the country, including a home he bought in Malibu for $100 million in 2022.
Corcoran’s Deborah Kern, who brought the previous buyer, had the listing.
The unit’s original buyers bought the sponsor unit for $55.5 million in 2019 before selling for $75 million just four years later.
The 118-unit tower in June scored an $81.5 million sale for two units, 63 and 18A, a 30 percent increase from their 2020 sale price. That markup pales in comparison to the property’s most notable price gain: Billionaire investor David Och sold his 73rd floor penthouse for $188 million in 2022, more than double the $93 million he paid for in 2019.
Closings started in the building in 2018, and by 2020 it had become one of the world’s most profitable condos. The most notorious unit to sell in the building was the 23,000-square-foot quadplex purchased by Ken Griffin for $240 million, the most expensive residential deal in the country.
Correction: An earlier version of this article identified a buyer’s broker involved with the deal. That reference has been removed in accordance with ongoing reporting.