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220 Central Park S, New Yor...

Updated Oct 29, 2024

Nima Capital Sells Condo At 220 Central Park South For $80M
SOLDCondo

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

Adam Modlin

Modlin Group

Broker

$1B

vol

30 deals

Broker

Leitchfield Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Deal FAQ

About $10K per square foot on a published $80M for 8,000 square feet (2023).

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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

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