Vornado’s 220 Central Park South Sees $80 Million Deal

Two units at Vornado’s 220 Central Park South are in contract for $80.5 million in an off-market deal.

The deal at the Billionaires’ Row supertall includes Unit 45A, the 6,600-square-foot home that went into contract for $76 million, and a one-bedroom maid’s unit on a separate floor, which went into contract for $4.5 million, people familiar with the situation told The Real Deal.

The larger unit went into contract for roughly $20 million more than property records show a trust tied to Hudson Valley Lighting Group founder and CEO David Littman paid for the unit in 2019.

The identity of the buyer was not immediately clear. Elizabeth Sahlman, who had the listing, did not respond to a request for comment.

It is the second large sale in the building in recent weeks, people familiar with the property said, after an apartment on the 64th floor also went into contract.

The five-bedroom, full-floor Unit 45A has six bathrooms and two powder rooms, according to marketing materials distributed by Sahlman, who departed Corcoran for Compass shortly before the deal was signed.

The unit has a primary suite with two bedrooms and two bathrooms, across a living room from the other three bedrooms, kitchen and dining room. Floor plans obtained by TRD show the apartment also comes with a wine room, library and two balconies.

The lower-level unit spans nearly 1,000 square feet.

Closings started at the 118-unit, Robert A.M. Stern-designed tower in 2018. The building, which was projected at the time to have a sellout of $3.4 billion, secured its status as the world’s most profitable condo after reaching $1 billion in profits by the end of 2020.

One of the tower’s units — a 23,000-square-foot quadplex purchased by Ken Griffin for $240 million — holds the record for the priciest residential deal in the United States.

The property has also done well in the resale market.

Billionaire investor Daniel Och sold his 73rd-floor penthouse last year for $188 million, more than doubling the $93 million he paid for the 9,600-square-foot condo in 2019 and marking one of New York’s most expensive residential real estate deals. ‘

Manhattan’s luxury market had a banner week earlier this month, when signed contracts for homes asking $4 million or more reached their highest level in a year, but the market remains overall cooler than it was last year during the post-lockdown frenzy.