Updated Nov 10, 2026
Steve Wynn Sells Condo At 50 Central Park South For $70 Million With Brokers Serena Boardman And Deborah Grubman
50 Central Park South
$70,000,000
$6,436/SF
Building Size
10,875 SF
Asset Type
Condo
Closing
Nov 9, 2026
About this deal
AI
The property asset involved in this transaction is a duplex penthouse located at 50 Central Park South in Manhattan. This condo spans a total of 10,875 square feet and has been listed at an asking price of $70 million, which reflects a decrease from its original listing price of $90 million in 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $70,000,000
- Address: 50 Central Park South
- Market: Manhattan
- Seller: Steve Wynn
- Broker Representatives: Serena Boardman - Sotheby's International Realty, Deborah Grubman - The Corcoran Group
- Square Footage: 10,875
- Price Per Square Foot: $6,437
Key individuals in this transaction include seller Steve Wynn, a prominent casino mogul. The brokers representing the seller are Serena Boardman from Sotheby's International Realty and Deborah Grubman from The Corcoran Group, facilitating the sale of this luxury property.
On the Map
$70,000,000
$6,436/SF
Condo
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New York Condo Market Snapshot
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Deal FAQ
About $6.4K per square foot on a published $70M for 10,875 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93