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50 Central Park South

Karim Alibhai Of Gencom Acquires Condo From Paul Kazilionis Of Westbrook Partners For $269.7M
SOLDCondo

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

Karim Alibhai

Gencom

Buyer

$988.2M

vol

7 deals

Buyer
Westbrook Partners
Westbrook PartnersSeller

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