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220 Central Park South, Man...

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

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

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

$27,407,138

$9,006/SF

Building Size

3,043 SF

Asset Type

Closing

Oct 25, 2021

AI

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

Haim Chera

Vornado Realty Trust

Seller

$27.4M

vol

3 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

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93