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
Loading comparables…
Deal FAQ
Browse New York sales on Traded.
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