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220 Central Park South, Cen...

J. Roger Erickson Acquires Condo At 220 Central Park South For $40M
SOLD

J. Roger Erickson Acquires Condo At 220 Central Park South For $40M

220 Central Park South, Central Park South, New York, NY 10019, USA

$40,097,000

$8,329/SF

Building Size

4,814 SF

Asset Type

Closing

Aug 26, 2021

AI

The sale of a condo at 220 Central Park South, Central Park South has been completed. The property, developed by Vornado Realty Trust, was sold by Michael J. Cantanucci & Kimberly Cantanucci. The transaction was facilitated by J. Roger Erickson of Douglas Elliman. The condo spans 4,814 square feet and was sold for a price of $40,097,000, resulting in a price per square foot of $8,329.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $40,097,000
  • Property Size: 4,814 square feet
  • Price Per Square Foot: $8,329
  • Address: 220 Central Park South, Central Park South
  • Developer: Vornado Realty Trust
  • Seller: Michael J. Cantanucci & Kimberly Cantanucci
  • Broker: J. Roger Erickson of Douglas Elliman

Haim Chera, Steven Roth, Michael J. Cantanucci, and J. Roger Erickson were involved in the sale of this property. The transaction took place on August 26, 2021.

Players

Roger Erickson

Douglas Elliman

Broker

$104.1M

vol

4 deals

Broker

Michael J. Cantanucci

Seller

$242.5M

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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93