Nima Capital Sells Condo At 220 Central Park South For $80M
220 Central Park S, New York, NY 10019, USA
$80,000,000
$10,000/SF
Building Size
8,000 SF
Asset Type
Condo
Closing
Aug 18, 2023
About this deal
AI
An apartment at 220 Central Park South, located in Midtown Manhattan, was sold by Nima Capital for $80 million. The 8,000-square-foot condo was purchased by Nima Capital for $65.6 million in 2020. The property is situated in one of New York City's most coveted real estate spots, offering luxurious living in the heart of the city.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $80,000,000
- Square Footage: 8,000
- Price per Square Foot: $10,000
- Address: 220 Central Park South
- Market: Midtown Manhattan
Maggie Gold Seelig, from MGS Group Real Estate, represented the buyer in this transaction, while Adam Modlin from Modlin Group and Paige Nelson from Douglas Elliman served as the seller's representatives. The involvement of these experienced professionals ensures that both parties receive expert guidance throughout the deal.
Players
Leitchfield Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93