Vornado 220 Central Park South Nets Another big sale apartment


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220 Central Park South and Steve Roth (Google Maps, Getty)

220 Central Park South and Steve Roth (Google Maps, Getty)

Vornado Realty Trust 220 Central Park South it continues to bring striking prices and provide the company with a cash cow in the midst of the crisis it has punished New York luxury real estate market.

An anonymous buyer closed the $ 61.6 million unit on the 69th floor of an ultra-exclusive apartment, according to property records. The price – agreed two years ago – is about $ 10,380 per square foot.

The buyer, known as AEH Jay Corp., entered into a property contract in 2018. The limited liability company is affiliated with Rialto Management Corp., a real estate company that manages commercial and residential real estate and individual units “for investors and missing owners,” on his LinkedIn profile.

The same company LLC also owns an apartment on the 72nd floor of the Time Warner Center, purchased in 2013 for $ 18.8 million, according to property records. In transaction 220 Central Park South, the buyer was represented by Jeffrey Levin of Squire Patton Boggs.

According to the building’s offer plan, the full-floor unit is located just a few floors below the apartment tower sheds. The apartment with an area of ​​almost 6,000 square meters has four bedrooms, five bathrooms and two powder rooms along with three small balconies overlooking Central Park.

During the slowdown in the coronavirus luxury market, Vornado recorded several blockage closures at 220 Central Park South, including A $ 100 million deal for one of his shelters, which attracted an incredible $ 12,000 per square foot. The agreements, most of the agreements signed before the pandemic, helped increase liquidity Vornada to $ 3.8 billion.

Among the large buyers in the Central Park apartment complex is hedgerow donor Ken Griffin, who Closed in 2019 on a huge apartment $ 238 million. Others include musician Sting, who purchased penthouse for $ 65.7 million and billionaire Daniel Och who stuck one for $ 93 million.


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