Buyers snap up Vornado's US$50m condos

New York

VORNADO Realty Trust has sold 14 condominiums at prices that exceed US$50 million at 220 Central Park South, its luxury residential tower under construction in midtown Manhattan.

About 45 per cent of the project's buyers are New Yorkers, many of whom plan to make the apartments their primary residence, chief executive officer Steven Roth said Tuesday on the company's third-quarter earnings conference call. About 30 per cent of buyers are from elsewhere in the US, he said.