432 park avenue

Celebrities, Midtown, More Top Stories

J.Lo and A-Rod go apartment hunting at 432 Park Avenue

By Annie Doge, Mon, October 16, 2017

When your relationship status gets its own acronym you know you’re in another league of celebrity, so it comes as no surprise that J-Rod is said to be checking out apartments in 432 Park Avenue, the tallest residential building in the Western Hemisphere. According to the Page Six, a broker says they’ve been to the tower four times, while another broker claims they’re looking at a “four-bedroom, half-floor unit on a high floor.” The timing makes sense, as Jennifer Lopez put her enormous Nomad penthouse on the market for $27 million just 10 days ago.

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CityRealty, lincoln square, real estate trends

15 Central Park West. Image: Wikimedia Commons

Even with a rapidly rising field of competitors, 15 Central Park West  still holds the title of New York City’s most expensive condominium, according to the just-released CityRealty100. Robert A.M. Stern’s “Limestone Jesus,” built in 2007, has many a superlative under its limestone-clad belt, but the one that puts it in the top spot tallies the eight apartments sold in the past year for an average price per square foot of $7,227. 15 Central Park West also grabbed the top three most expensive sales by PPSF, with the $50.5 million Penthouse 40B, sold by Barclay’s CEO Bob Diamond to an unnamed Chinese buyer, topping the list at $9,581/square foot.

Find out more about the city’s priciest properties

Design, Technology, Urban Design

amazon drone, skyscraper drone, drone tower

Image courtesy of the United States Patent Office

The massive online retailer company Amazon, which recently acquired the grocery chain Whole Foods for $13.4 billion, is attempting to push even further into the future of internet commerce. The company has recently patented a “multi-level fulfillment center for unmanned vehicles,” or in simpler terms, a drone skyscraper. As co.design discovered, while patents do not necessarily mean this tower will be created, the plan has detailed sketches showing a giant beehive from where drones would fly in and out.

See the design

affordable housing, Policy

432 Park Avenue, DBOX, Macklowe Properties, Vinoly, Deborah Berke (52)

Outside of 432 Park Avenue, Mayor de Blasio held a press conference on Thursday to discuss his mansion tax. The proposal calls for a 2.5 percent surcharge on sales of city homes valued at $2 million or more, which would in turn fund affordable housing for 25,000 senior citizens. De Blasio fittingly positioned himself outside 432 Park because, according to the city, if the proposed tax had been passed, this residence alone would have generated $30.2 million since 2015 in support of housing for low-income seniors. “And that would have been based–and this is stunning to me–on the sale of just 62 condominiums. But it would have meant enough money to subsidize affordable housing for 2,000 seniors,” he said.

Find out more here

Cool Listings, Midtown

If you’ve been as curious as we have to know what the inside of 432 Park looks like IRL, look no further than unit #52C, now for sale by owner. LLNYC spotted the listing today which boldly ditches professionally staged photos for somewhat sloppy phone snapshots of the interiors. As the mag points out, 432’s developers have been keen on putting the luxury tower’s best foot forward, revealing only sleek renderings or retouched images of impeccably outfitted model units to press and onlookers.

more inside here

Featured Story

building of the year, Features, New Developments

VOTE for 6sqft’s 2016 Building of the Year!

By 6sqft, Sat, December 10, 2016

For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we’ve narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods.

Which of these you think deserves 6sqft’s title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!

Learn more about each of the buildings in the running here

Midtown East, real estate trends

432 Park Avenue, DBOX, Macklowe Properties, Vinoly, Deborah Berke (52)

432 Park Avenue may be the tallest residential building in the western hemisphere and home to the most expensive apartment closing this year, but throughout 2016, the tower’s ultra-luxury condos were selling at an average discount of 10 percent, according to an analysis by appraiser Miller Samuel Inc. for Bloomberg. And a recent transaction saw an even greater price cut; Lewis Sanders, founder and CEO of Sanders Capital and former CEO of AllianceBernstein, bought an 88th floor penthouse for $60.9 million, 20 percent less than its $76.5 asking price.

What’s the deal?

Architecture, Central Park South, Midtown, Urban Design

432 park, 432 park avenue, rafael vinoly, 432 park lighting design

Just in case you had trouble spotting the Western Hemisphere’s tallest residential tower, beginning Monday, 432 Park Avenue will debut a brand new lighting feature that will turn the 1,396-foot supertall into a glowing beacon. As LLNYC reports, 32 LEDs will fill the tower’s five open-air “drum floors” where the building’s mechanicals are situated. 432 Park‘s starchitect, Rafael Viñoly, worked with HDLC Architectural Lighting Design to develop the scheme.

more details here

CityRealty, real estate trends

Even after countless big ticket closings at blockbuster buildings like 432 Park Avenue and The Greenwich Lane, the long-admired Robert A.M. Stern-designed, Zeckendorf-developed 15 Central Park West (15 CPW) remains king. According to CityRealty’s latest CR100 report—an index comprised of the top 100 condominium buildings in Manhattan—units in 15 CPW sold on average for $6,735 per square foot over 12 months, a number that is impressively higher than the index average of $2,824. Tribeca’s Herzog & de Meuron-designed “Jenga tower,” 56 Leonard also made its debut on the latest CR100, clocking an average price per square foot of $2,657.

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Midtown East, Recent Sales

432 Park Avenue, DBOX, Macklowe Properties, Vinoly, Deborah Berke (52)

The most expensive apartment closing in New York City this year and one of the priciest sales ever is finally a done deal, reports The Real Deal. The apartment, the top penthouse at Rafael Viñoly-designed billionaire’s bunker 432 Park Avenue, is the priciest unit in the big-ticket building as well as being literally the city’s highest. As 6sqft previously reported, the buyer is Saudi retail magnate Fawaz Al Hokair. The sale price was $87.7 million—a skyscraping $10,623 per square foot.

More jumbo numbers, this way

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