Vornado Realty Trust is looking at $1 billion in profits from the sale of ultra-luxury units at 220 Central Park South — which is 83 percent sold, the company disclosed Monday. In a quarterly filing, the real estate investment trust ended its three-year silence on sales at the Billionaires’ Row project, where it turns out roughly 98 of 118 units are in contract. Closings are scheduled through 2020, Vornado reported. Excluding Vornado’s land cost of […]
source https://therealdeal.com/2018/10/29/vornado-to-make-1b-at-220-central-park-south-which-is-83-sold/
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