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Bmrd II LLC Acquires Condo At 220 Central Park South, Midtown For $27.4M

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SOLD
$27,407,138

New York

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3,043 SF
Sold 10/26/2021
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Property Image
SOLD

Bmrd II LLC Acquires Condo At 220 Central Park South, Midtown For $27.4M

220 Central Park South, Manhattan, New York, NY, USA

See Similar Deals
3,043 SF
Sold 10/26/2021
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Summary

NEW YORK
Price Per Square Foot:$9,006
Total Square Footage:3,043 SF
Transaction Type:Sale

Located at 220 Central Park South in Midtown, this recently closed property transaction involved the sale of a condo. The seller, Steven Roth & Haim Chera of Vornado Realty Trust, successfully sold the property to the buyer, Bmrd II LLC.

Summary of transaction details

  • Property Type: Condo
  • Sale Price: $27,407,138
  • Square Footage: 3,043
  • Price Per Square Foot: $9,006
  • Transaction Date: 10/26/2021
  • Address: 220 Central Park South, Midtown

With a sale price of $27,407,138 and a total square footage of 3,043, this condo at 220 Central Park South offers an attractive investment opportunity. The sale, facilitated by Bmrd II LLC as the buyer and Steven Roth & Haim Chera of Vornado Realty Trust as the seller's representatives, showcases the demand for high-end properties in the Midtown area.

Players

HC
3 deals$27.4M volume
SELLER

Details

SOLD
IMAGE: Steven Roth & Haim Chera DATE: 10/26/2021 ADDRESS: 220 Central Park South, MARKET: Midtown ASSET TYPE: Condo BUYER: Bmrd II LLC SELLER: Steven Roth & Haim Chera - Vornado Realty Trust SALE PRICE: $27,407,138 SF: 3,043 ~ PPSF: $9,006

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,461,714.02

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$97,371.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$129,923.82
Annual Debt Service$1,559,085.80