25 Central Park West

Location:

New York, NY

Acquisition Date:

October 2005

Size:

24,187 square feet in 19 units

Asset Type:

Residential

Opportunity:

Madison purchased 19 unsold sponsor units at The Century, 25 Central Park West, New York, NY. The Century is considered one of the top five Central Park West pre-war, white-glove, luxury buildings and is particularly unique being one of only two pre-war condominiums on Central Park West. The transaction was extremely complex as the units were acquired indirectly from 23 separate charities and directly from 21 unrelated individuals and 3 companies. Madison sold three units in one-off transactions and divested the final 16 units in July 2008.