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220 Central Park South, Cen...

Updated Dec 21, 2023

Anonymous Buyer Acquires Two Full Floor Units At 220 Central Park South For $157.5M
SOLD

Anonymous Buyer Acquires Two Full Floor Units At 220 Central Park South For $157.5M

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

$157,500,000

$397/SF

Building Size

396,669 SF

Asset Type

Closing

Jun 8, 2021

About this deal

AI

The anonymous buyer has closed a significant residential condo sale in Central Park South. The deal involved the purchase of two full floor units located on the 60th and 61st floors of 220 Central Park South, with a potential for future combination. The buyer paid a total of $157,500,000 for these two units. Additionally, the deal includes a studio on the 18th floor, which can be used for guest accommodations. The property is developed by Vornado Realty Trust.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $157,500,000
  • Address: 220 Central Park South
  • Market: Central Park South

The buyer's representatives, Steve Roth and Haim Chera, facilitated the transaction. They played a crucial role in negotiating and finalizing the deal on behalf of the anonymous buyer. This sale highlights the desirability and exclusivity of properties in the Central Park South area.

Players

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $397 per square foot on a published $157.5M for 396,669 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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