DFA’s Co-Owner Signs Contract For Billionaires’ Row Condo

25 November 2025

The owner of Duty Free Americas nabbed a buyer for his Billionaires’ Row condo.

Falic Group co-founder Leon Falic signed a contract to sell his unit at Vornado Realty Trust’s 220 Central Park South, which last asked $39 million, according to Olshan Realty’s weekly report. The four-bedroom apartment was the priciest of 29 properties in Manhattan asking $4 million or more to land inked deals last week.

An entity tied to Falic bought Unit 32A from the developer in 2018 for $26.5 million. In August 2022, he listed the 3,700-square-foot condo for $37.5 million before pulling it off the market three months later. It hit the market again in May.

Falic found a buyer for the unit after trading the family’s waterfront mansion in Bal Harbour earlier this year. The home at 74 Bal Bay Drive, which Falic bought with his mother and two brothers, sold for $17.5 million.

Corcoran’s Manju Jasty Curry had the listing for the Midtown apartment, which overlooks Central Park.

The second most expensive home to enter contract was a penthouse at 823 Park Avenue, with an asking price just under $27 million. Billionaire hedge funder Joseph Edelman bought the Lenox Hill condo through an LLC in 2008 for $30.5 million, according to the Wall Street Journal.

Edelman first sought to offload the 7,200-square-foot apartment in 2021, when he listed it for more than $33 million. But the unit struggled to find a buyer a year later, even after Edelman dropped the asking price to just under $30 million, and he pulled it from the market. He listed it again in March with a $30 million price tag, though he lowered it to $27 million six months later.

The triplex has five bedrooms and five bathrooms. It also features three terraces, a formal dining room overlooking Park Avenue, a Jacuzzi and a home theater. Amenities in the 11-unit building, developed by Property Markets Group, include a doorman and gym.

Compass’ Maria Manuche, Clare Cukier, Michelle Flikerski, Catherine Rutter and Reilly Lavrich had the listing.

The total of 29 pending deals was up from 25 in the previous period. Of the properties, 22 were condos, five were co-ops and two were townhouses. Half of the contracts signed were for new development homes.

The properties asked a combined $243 million, which works out to an average price of $8.4 million and a median of $5.2 million. The typical home was on the market for nearly two years and had a discount of 6 percent.