Karim Alibhai Of Gencom Acquires Condo From Paul Kazilionis Of Westbrook Partners For $269.7M
50 Central Park South
$269,700,000
$1,106/SF
Building Size
243,836 SF
Asset Type
Condo
Closing
Feb 5, 2026
AI
A condo located at 50 Central Park South has been acquired for $269,700,000. The property spans 243,836 square feet, resulting in a price per square foot of approximately $1,106. This transaction took place in the Central Midtown market of Manhattan.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $269,700,000
- Buyer: Karim Alibhai - Gencom
- Seller: Paul Kazilionis - Westbrook Partners
- Date of Sale: February 5, 2026
Karim Alibhai of Gencom completed the purchase from Paul Kazilionis, who represented Westbrook Partners in the transaction. The deal marks a significant asset transfer in the Manhattan real estate market.
Players
New York 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93