Buyer pays $159.5M for two units at 220 CPS, $55M above 2020 prices

A buyer paid $159.5 million for resale units 60 and 61 at 220 Central Park South from two sellers, a total of $55 million above the 2020 purchase prices.
The entity Chancery Lane LLC paid $82.5 million to the entity Rice 5 LLC for condo (SC) unit 60 at 220 Central Park South in Central Park South, Manhattan and condo (MR) at 220 Central Park South in Central Park South, Manhattan.
The deal closed on May 20, 2021 and was recorded on June 5, 2021.
The two properties have 6,480 square feet of built space and 0 square feet of additional air rights for a total buildable of 0 square feet according to PincusCo analysis of city data. The sale price per built square foot is $12,731 per the PincusCo analysis.
The signatory for Chancery Lane LLC was nan.
(121184592)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 118 residential units on July 2, 2020.
The contract date was April 13, 2021. This is unit 60. Rices LLC bought the unit from the sponsor Vornado Realty Trust for $53 million.
There was a condominium project filed with the address 220 Central Park South and the name 220 Central Park South Condominium (the) on June 29, 2014. The principals of the sponsor, Vno 225 West 58th Street Llc, were David Greenbaum and Steven Roth. link

Direct link to Acris document. link

In the second transaction, Chancery Lane LLC paid $75 million to the entity 220 Property Holdings LLC LLC for condo (SC) unit 61 at 220 Central Park South in Central Park South, Manhattan.
The deal closed on May 20, 2021 and was recorded on June 5, 2021.
The property has 5,935 square feet of built space. The sale price per built square foot is $12,636 per the PincusCo analysis.
The owner bought the property on 10-Mar-20, for $51.4 million.

(121184592)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 118 residential units on July 2, 2020.
This is unit 61.
There was a condominium project filed with the address 220 Central Park South and the name 220 Central Park South Condominium (the) on June 29, 2014. The principals of the sponsor, Vno 225 West 58th Street Llc, were David Greenbaum and Steven Roth. link

Direct link to Acris document. link