$157.5M sale at 220 Central Park South is one of NYC’s biggest condo transactions ever

Posted On Mon, June 7, 2021 By

Posted On Mon, June 7, 2021 By In Central Park South, real estate trends, Recent Sales

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

As was first reported by the Wall Street Journal, an anonymous buyer shelled out $157,500,000 for two units at 220 Central Park South. The Billionaires’ Row tower is already home to the most expensive sale ever in the U.S. after billionaire Ken Griffith’s $238 million purchase in early 2019. And even amidst the pandemic, it was the best-selling condo in NYC by a long shot. The Journal first spotted property records that show the $82.5 million purchase of a 60th-floor unit and the $75 million purchase of a 61st-floor unit, both made using an LLC.

According to a CityRealty report for the one-year period ending September 30, 2020, 220 Central Park South accounted for the top 22 sales of Manhattan condo buildings, with a total of $1.52 billion in cumulative sales in 46 units. This included a $99,903,375 penthouse sale that became NYC’s third-most-expensive NYC sale ever, taking the spot from a $92.7 million sale at the building, which sold in late 2019 to billionaire hedge-funder Daniel Och. (The second-most expensive sale was Michael Dell’s $100 million buy at One57 in 2015.)

As for the new sales, the Wall Street Journal explains, “Both units are resales and the sellers, whose identities were also shielded by limited-liability companies, made significant profits. Last year the lower level traded for $50.9 million, while the upper level sold for $51.4 million, records show.”

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