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220 Central Park South, New...

Updated Sep 9, 2024

Vornado Realty Trust Sells Resi Condo At 220 Central Park South, Central Park South For $15.75M With Reps Oren Alexander & Tal Alexander
SOLD

Vornado Realty Trust Sells Resi Condo At 220 Central Park South, Central Park South For $15.75M With Reps Oren Alexander & Tal Alexander

220 Central Park South, New York, NY 10019

$15,750,000

$6,300/SF

Building Size

2,500 SF

Asset Type

Closing

Jun 3, 2021

About this deal

AI

Oren Alexander, Steve Roth, and Tal Alexander have completed a residential condominium transaction at 220 Central Park South in Central Park South. The property was developed by Vornado Realty Trust and was sold for a total of $15,750,000. The asset spans approximately 2,500 square feet, resulting in a price per square foot of $6,300.

Summary of transaction details:

  • Property Type: Residential Condominium
  • Transaction Amount: $15,750,000
  • Address: 220 Central Park South, Central Park South
  • Developed by: Vornado Realty Trust
  • Size: 2,500 square feet (approx.)
  • Price Per Square Foot: $6,300

Oren Alexander and Tal Alexander, represented by the Alexander Team, acted as the brokers in this deal. They successfully facilitated the transaction between the buyer and the seller. The involvement of Steve Roth is also notable in this transaction.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $6.3K per square foot on a published $15.8M for 2,500 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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