Friday, March 22, 2019

More pricey 220 Central Park South rentals appear on the market

As closings continue, more owners are looking to cash in

Closings continue at 220 Central Park South, and unsurprisingly, more of those überexpensive apartments—only two, but still—have appeared as high-priced rentals.

The owner of one of the apartments, #37A, is an LLC located in Hong Kong, and picked up the three-bedroom apartment for close to $22.2 million. Now, it's asking $60,000/month as a rental. The other new rental, #38A, has the exact same floorplan but is located one floor above. It's also owned by an LLC, and is asking $59,000/month.

The interiors, designed by Thierry Despont, are a bit different from the other rental that's currently on the market: In that unit, #40A, the kitchen is outfitted with a white marble island and wood cabinets. In these two new units, the kitchens are more contemporary, with sleek white cabinets and black marble slabs for the island and counters.

Both units measure 3,114 square feet, and have three bedrooms, three full bathrooms, a powder room, and utility room with washer/dryer. Enormous floor-to-ceiling windows can be found throughout, and thanks to their location on the A line, both units have corner exposures and—of course—stunning Central Park views.

The Robert A.M. Stern-designed building has become a lightning rod for the debate over a proposed pied-à-terre tax on homes valued at $5 million or higher. The sale of a $238 million penthouse in the building—a figure that eclipsed the last record-breaking condo sale by a full $138 million—to hedge funder Ken Griffin has prompted legislators, and even Gov. Andrew Cuomo, to get on board. (But not everyone thinks the tax is a good idea.)

220 Central Park South #37A is listed for $60,000/month with Douglas Elliman's Janice Chang team, while #38A is listed for $59,000/month with Tal and Oren Alexander, also of Douglas Elliman.

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