Resale at 220 CPS sells for $40.1M

The entity Cvcps LLC paid $40.1 million to Michael J. Cantanucci and Kimberly Cantanucci through the entity Mkc Properties LLC for condo (SC) unit 54A at 220 Central Park South in Central Park South, Manhattan.
The deal closed on August 18, 2021 and was recorded on August 26, 2021.
The property has 4,814 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 $8,329 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property for $38.2 million in September 2019.
The signatory for Michael J. Cantanucci and Kimberly Cantanucci was Stuart Antell. The signatory for Cvcps LLC was Walter Edelstein.
(121184592)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 118 residential units on July 2, 2020.
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

Within a 400-foot radius of 220 Central Park South, PincusCo identified 32 commercial real estate items of interests occurred over the past 24 months.
Of those 32 items, 31 were sales above $5 million totaling $1.5 billion. The most recent of the 31 was Parkview Re Holdings LLC which bought one condo unit in the 5,935-square-foot, 117-unit condo building (R4) on 220 Central Park South for $59.5 million from Vornado Realty Trust on June 9, 2021.
One of those 32 items was a loan which Korein Family borrowed $30.0 million from Apple Bank For Savings secured by the 387,428-square-foot, 321-unit rental (D6) on 240 Central Park South on January 25, 2021.

Direct link to Acris document. link