Katherine Maksim Buys 220 Central Park South Condo For $81.5M
220 Central Park South
$81,500,000
Building Size
—
Asset Type
Condo
Closing
Jun 18, 2024
About this deal
AI
Located at 220 Central Park South in Central Park South, Manhattan, two condo units were sold for a total of $81,500,000. The transaction stands out as the second-highest sale in New York City for 2024, with a notable 30% premium above their 2020 prices. This sale showcases the continued profitability of resales at this prominent Billionaires’ Row property.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $81,500,000
- Buyer: Katherine Maksim
- Seller: Spencer Marsden
- Buyer's Rep: Darya Goldstein & Dylan Hoffman - Compass
- Seller's Rep: Deborah Kern - The Corcoran Group
The sale at 220 Central Park South was facilitated by notable real estate professionals. Katherine Maksim served as the buyer, with Spencer Marsden acting as the seller. The buyer was represented by Darya Goldstein and Dylan Hoffman from Compass, while Deborah Kern from The Corcoran Group represented the seller.
On the Map
$81,500,000
Condo
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New York Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93