And so it begins! Closings at Macklowe Properties/CIM Group‘s Billionaires’ Row blockbuster 432 Park Avenue have officially commenced with its first sale showing an impressive $18.116 million figure, as city records released this afternoon reveal. The unit is #35B, a massive 4,003-square-foot, three-bedroom pad with four-and-a-half baths, a private elevator landing, and 10-foot by 10-foot windows providing southern and western exposures with park views. Documents show that the palatial home was purchased via a LLC, 432 PARKVIEW.
From the start, the towering residential construction designed by starchitect Rafael Viñoly was primed to be like no other, with its record-breaking 1,396-foot height, unmatched amenities and finishes, and above all, its $3.1 billion sellout—a number that surpasses the total sales dollars of any existing or pipeline residential structure, making it the most expensive in NYC.
The building is currently wrapping up construction and occupancy is slated to begin by the middle of this year. And as we last reported, more than 70 percent of the tower’s units are already in contract, which means one thing: brace for a flurry of eight-digit and—dare we say it—nine-digit closings over the next few weeks.
[For listings and other sales information, see 432 Park Avenue at CityRealty]
[432 Park Avenue official]
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Neighborhoods : Midtown