Vornado sells 220 CPS unit for $27.4M
The entity Bmrd II LLC paid $27.4 million to Vornado Realty Trust through the entity VNO 225 West 58th Street LLC for condo (SC) unit 38B at 220 Central Park South in Midtown, Manhattan.
The deal closed on October 12, 2021 and was recorded on October 26, 2021.
The property has 3,043 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $9,006 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 signatory for Vornado Realty Trust was Thomas Sanelli. The signatory for Bmrd II LLC was Tara Shamroth.
(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 38B.
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 36 real estate items of interests occurred over the past 24 months.
Of those 36 items, 35 were sales above $5 million totaling $1.7 billion. The most recent of the 35 was 220 CPS V10 LLC which bought two condo units in the 388-square-foot, 117-unit condo building (R4) on 220 Central Park South and one other property for $66 million from CPS Realty Partners LLC on October 20, 2021.
One of those 36 items was a loan which Korein Family borrowed $30 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
