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
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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