Vornado Realty Trust Sells Residential Condo At 220 Central Park South For $99.9M
220 Central Park South, 220 Central Park S, New York, NY 10019, USA
$65,700,000
$8,012/SF
Building Size
8,200 SF
Asset Type
—
Closing
Jul 28, 2019
About this deal
AI
220 Central Park South, a residential condo, was sold on July 23, 2020, for a staggering price of $99,900,000. The property spans across 8,200 square feet, resulting in a price per square foot of $12,164. This exclusive transaction involved Vornado Realty Trust as the seller. Unfortunately, the buyer's identity remains undisclosed.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $99,900,000
- Address: 220 Central Park South
- Square Footage: 8,200
- Price Per Square Foot: $12,164
- Seller: Vornado Realty Trust
Vornado Realty Trust, a prominent player in the real estate industry, acted as the seller in this high-profile transaction. Although the buyer's identity was not disclosed, this sale marks a significant milestone in the luxury residential market.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93