Megan Madden Acquires $32M Condo At 220 Central Park South, Manhattan
SOLD
New York
See Similar DealsSold 12/29/2021
SOLD
Megan Madden Acquires $32M Condo At 220 Central Park South, Manhattan
220 Central Park South, New York City, New York 10019, United States
See Similar DealsSold 12/29/2021
Summary
NEW YORK
Transaction Type:Sale
220 Central Park South in Central Park South, Manhattan, has been sold in a recent transaction. The condo property is zoned as C5-1 and R10H. The sale took place on December 29, 2021, with a transaction amount of $32,000,000.00. The property falls under tax class 2 and has a last recorded sale price of $22,503,325 on February 25, 2019.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $32,000,000.00
- Address: 220 Central Park South, Central Park South, Manhattan
- Zoning: C5-1, R10H
- Tax Class: 2
- Last Sale Price: $22,503,325 (February 25, 2019)
Megan Madden served as the buyer in this sale, while Robert S Frankel acted as the seller.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91
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