Passing $2B in sales, 432 Park becomes highest selling building in NYC ever

Posted On Wed, February 7, 2018 By

Posted On Wed, February 7, 2018 By In Midtown, Recent Sales

Photo via Douglas Elliman

CIM Group and Macklowe Properties announced on Wednesday that the world’s tallest residential building just broke another record: the single best-selling building in New York City. According to the developers, they have sold $2 billion in luxury condominiums at 432 Park Avenue, a 1,396-foot tower designed by renowned architect Rafael Viñoly. The building’s most significant closings include 48 residences selling for more than $20 million each.

In December, a Chinese buyer picked up three penthouse apartments for $91.1 million, the most expensive closing to date. The three units, 92, 92B and 93B, were originally listed for a whopping $120 million. One57 still holds the record for the city’s priciest residential deal after a penthouse sold for $100.4 million in 2014.

In a press release, chairman of Douglas Elliman Realty, Howard Lorber, said, “The residents of 432 Park Avenue already know it to be an established building with an incredible array of amenities and exceptional service. With this significant sales accomplishment, it is clear that ‘432’ has become one of the most coveted addresses in New York City and beyond.”

Residences at 432 Park include nearly 13-foot ceilings, oversized windows, oak flooring and come equipped with state-of-the-art appliances. The interiors were designed by Deborah Berke. Amenities at the ultra-luxurious tower include three full floors for dining and entertainment. There’s also a 75-foot indoor swimming pool, billiards and library room, an 18-seat screening room and a fitness center.

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