$80M penthouse sale at 220 Central Park South is one of year’s biggest deals

August 21, 2023

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons

One of New York City’s best-selling condo buildings locked in one of the biggest deals of the year so far. An 8,000-square-foot duplex penthouse at 220 Central Park South on Billionaires’ Row is selling for roughly $80 million, the Wall Street Journal first reported. The seller is linked to investment firm Nima Capital, which paid around $65.6 million for the property in October 2020.

The buyer is listed as an LLC named 220CPSV8 according to public records, but their identity has not been revealed. The seller was represented in the deal by Adam Modlin of Modlin Group and Paige Nelson of Douglas Elliman, according to the Journal.

Designed by Robert A. M. Stern, limestone-clad 220 Central Park South includes a 70-story tower and an 18-story “villa” across from Central Park.

The property is a favorite of celebrities and billionaires. In August 2019, Sting and his wife Trudie Styler purchased a $66 million penthouse in the building. The 5,807-square-foot unit is located in the villa portion of the property and faces Central Park.

Billionaire Daniel Och, founder of hedge fund Och-Ziff Capital Management, in 2019 paid roughly $93 million for Penthouse 73, a four-bedroom, 9,800-square-foot unit in the building.

In January 2022, Och sold that penthouse to Brooklyn Nets co-owner Joe Tsai for $190 million, nearly double the amount he paid for it. At the time, the sale was the second most expensive real estate deal ever in New York City, with the number one spot remaining the $240 million penthouse purchased by Ken Griffin in 2019.


Explore NYC Virtually

Leave a reply

Your email address will not be published.

Your email address will not be published. Required fields are marked *