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How 220 Central Park South Became World's Most Profitable Condo

by therealdeal.com posted 2weeks ago 32 views
If not for 220 Central Park South, Vornado Realty Trust’s recent financials would have been a horror show. Vornado, one of New York City’s biggest landlords, recorded a $107 million loss in the third quarter on its prime retail portfolio, once-prized Fifth Avenue and Times Square properties that have been paralyzed by the pandemic. It also took significant hits on the shuttered Hotel Pennsylvania and other investments. But thanks to a flurry of closings at The post The inside story of the world’s most profitable condo appeared first on The Real Deal New York.

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