Steve Roth has called 220 Central Park South the “most successful” condo project anywhere, and now Vornado Realty Trust’s uber-luxe development is debt free. The real estate investment trust said Tuesday that it’s paid off the remainder of a $950 million loan it got from Bank of America to construct the $1.4 billion tower, which cost a hefty $5,000 per foot to build. With a projected sellout of $3.25 billion, and more than $1 billion […]
source https://therealdeal.com/2019/07/31/free-and-clear-vornado-pays-off-debt-at-220-cps/
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