$92M condo at 432 Park enters contract, priciest deal of 2023 so far

August 30, 2023

Photo by Miikka A. on Unsplash

A $92 million condo at 432 Park Avenue in Midtown Manhattan has entered contract, the biggest deal of the year in New York City so far. The five-bedroom apartment on the skyscraper’s 79th floor first hit the market in September 2021 for $135 million but underwent a significant price cut this spring, according to CityRealty.

Mitch Julis of Canyon Capital Advisors is the seller, according to the Wall Street Journal. Japanese architect Hiroshi Sugimoto designed the apartment over the span of four years.

Measuring over 8,050 square feet, the five-bedroom, five-bathroom unit was designed by Sugimoto as a “temple of Zen,” with cedar shutters, Shikkui plaster walls, century-old Yakusugi cedar wood flooring, and a traditional Japanese tea room. The apartment also includes a den, a home office, two powder rooms, and unobstructed 360-degree views of Central Park, the Manhattan skyline, and beyond.

Included with the deal are built-in furniture and integrated art installations, as well as two adjacent studio apartments and two storage units.

Listing agent Noel Berk of Engel & Völkers did not identify the buyer or the exact contract price to the Journal.

Designed by the late Rafael Viñoly, the 96-story 432 Park Avenue tower rises 1,396 feet above Manhattan. The building has 30,000 square feet of amenities space, which includes a lounge, a private restaurant run by Michelin-starred chef Sean Hergatt, a 75-foot indoor swimming pool, a fitness center with a spa and sauna, a library, a billiards room, a screening room, a conference room, a children’s playroom, and a yoga studio.

The tower is located on Billionaires’ Row, an area located at the southern end of Central Park that is home to some of the world’s most expensive real estate. Last week, a penthouse at 220 Central Park South sold for $80 million, among the year’s most expensive real estate deals.

[Listing details: 432 Park Avenue, Unit 79 at CityRealty]

[At Engel & Völkers by Noel Berk]


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