Vornado Realty Trust Sells Residential Condo In Midtown Manhattan For $33M
220 Central Park South, New York, NY 10019, USA
$33,000,000
$10,277/SF
Building Size
3,211 SF
Asset Type
—
Closing
Mar 31, 2021
AI
The residential condo located at 220 Central Park South in Midtown was sold in April 2021 for a staggering price of $33,000,000. The property offers 3,211 square feet of living space, resulting in a price per square foot of $10,277. This sale was overseen by developer Vornado Realty Trust and brokered by Ryan Serhant from ERHANT & Jessica C. Campbell estseekers.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $33,000,000
- Square Footage: 3,211
- Price per Square Foot: $10,277
- Address: 220 Central Park South, Midtown
- Developer: Vornado Realty Trust
- Broker: Ryan Serhant from ERHANT & Jessica C. Campbell estseekers
The sale of this residential condo at 220 Central Park South highlights the significant investment potential of the property. With its prime location in Midtown and spacious living space, it's no wonder that this condo fetched such a high price. The involvement of Vornado Realty Trust as the developer and Ryan Serhant from ERHANT & Jessica C. Campbell estseekers as the broker showcases the expertise and reputation of the individuals and companies involved in this transaction.
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93