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
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