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220 Central Park South

Updated Sep 9, 2024

SOLDCondo

Adam Modlin Brokered Sale Of $34M Condo At 220 Central Park South In NYC

220 Central Park South

$34,000,000

$10,967/SF

Building Size

3,100 SF

Asset Type

Condo

Closing

Feb 7, 2023

About this deal

AI

The luxurious condo located at 220 Central Park South in New York City has been sold in a closed transaction. The property boasts a size of 3,100 square feet and was sold for an impressive price of $34,000,000. This translates to a price per square foot of $10,968. Situated in the heart of New York City's vibrant market, this condo offers a prime location combined with luxurious amenities and breathtaking views.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $34,000,000
  • Address: 220 Central Park South, New York City
  • Market: New York City

The transaction was facilitated by Adam Modlin of the Modlin Group, who represented the interested parties in the deal. Adam Modlin's expertise in the industry and his strong negotiation skills played a pivotal role in ensuring a successful transaction. The involvement of Adam Modlin as the broker representative further amplified the trust and confidence in the deal.

Players

Adam Modlin

Modlin Group

Broker

$1B

vol

31 deals

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Deal FAQ

About $11K per square foot on a published $34M for 3,100 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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