The unit, on the eighth floor, spans about 8,000 square feet with a 975-square-foot balcony, according to the project's offering plan.
Said did not respond to a request for comment by press time.
The deal is the most expensive residential sale to close so far in 2023, said Jonathan Miller, CEO of the appraisal firm Miller Samuel.
Although Vornado's commercial properties have been struggling severely in the wake of the pandemic, 220 Central Park South has been a bright spot in its portfolio. The building was nearing a complete sellout as of March, with only a few mostly smaller units on the lower floors remaining. The firm's expected total sellout of the building is about $3.4 billion, according to its offering plan.
The 70-story project was designed by Robert A.M. Stern and has been a popular building for celebrities and financiers. Ofer Yardeni, chairman of the real estate firm Stonehenge NYC, sold his three-bedroom unit at the building this year for $33.8 million, a gain of more than 50% from his 2019 purchase price of $22.2 million. And billionaire investor Daniel Och sold a penthouse at the property in January 2022 for $188 million, more than double the $92.7 million he paid for it in 2019.
Vornado appears to have noticed the relative strength of New York's residential market compared to its commercial one. The firm had long intended to build several new office towers around Penn Station as part of the now-stalled plan to renovate the transit hub. But on its first-quarter earnings call this year, CEO Steven Roth said its next project in the neighborhood would likely be apartments.
