Vornado NYC Luxury Condos ‘Exceeded all Expectations,’ CEO Says

November 14, 2018
Noah Buhayar - Bloomberg

Vornado Realty Trust’s Manhattan luxury-condo tower has “exceeded all expectations,” even with suggestions of a slowdown in the high-end market, the developer’s chief executive officer said.

The project, at 220 Central Park South, is “approaching 85 percent sold” and stands to produce $1 billion in profit, Steven Roth said Tuesday on a conference call with analysts. Of the tower’s 27 full-floor apartments, 26 are under contract, with two of those deals signed just this month, he said.



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