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220 Central Park South, New...

Megan Madden Acquires $32M Condo At 220 Central Park South, Manhattan
SOLD

Megan Madden Acquires $32M Condo At 220 Central Park South, Manhattan

220 Central Park South, New York City, New York 10019, United States

$32,000,000

Building Size

Asset Type

Closing

Dec 28, 2021

AI

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.

Players

Megan Madden

Buyer

$44.1M

vol

2 deals

Buyer

Robert Frankel

Seller

$166M

vol

13 deals

Seller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93