432 park avenue

Cool Listings, Midtown

See inside the $169M penthouse at 432 Park Avenue

By Dana Schulz, Wed, July 21, 2021

Listing photo by Donna Dotan

The top-floor penthouse at 1,396-foot-tall tower 432 Park Avenue has been publicly listed for the first time ever, asking $169 million. It is the most expensive listing currently in New York City, and if it fetches the asking price, it would become the second-biggest sale in the city’s history and set a record with its $20,500 per square foot price tag. As 6sqft reported last month, the 96th-floor unit is currently owned by billionaire Saudi real estate developer Fawaz Alhokair, who bought the apartment for only $88 million in 2016. Listed with Ryan Serhant, founder and CEO of SERHANT., the unit spans 8,225 square feet and has six bedrooms and seven bathrooms, as well as 240 linear feet of glass windows. The home is being sold with all of its art and furniture, which includes pieces from Hermes, Fendi, and Bentley.

See the whole place

Central Park South, Cool Listings, real estate trends

Photo by Sebastiandoe5 via Wikimedia Commons

An $88 million profit? That’s what the current owner of the 96th-floor penthouse at supertall tower 432 Park Avenue is hoping to achieve. As the New York Times first reported, billionaire Saudi real estate developer Fawaz Alhokair has listed his apartment at the 1,400-foot-tall condo for $169 million, double what he paid for it in 2016. If it fetches the asking price, it would become the second most expensive home ever sold in New York City and would set a record with its $20,500 per square foot price tag.

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Featured Story

condos, Features, NYC Guides

New York City’s top 30 condos

By 6sqft, Thu, August 20, 2020

From supertall new developments and projects by some of the world’s most famous architects to historic landmarks brought into the 21st century, 6sqft has rounded up the best condo buildings in New York City. Ahead, find out which condominiums made the list and what you can expect in terms of views, amenities, neighborhood, and more.

Read on for a guide to the city’s top condo addresses

Architecture, Midtown West

Rendering by studioMDA

British auction house Phillips will move its headquarters into the white cube base of the supertall at 432 Park Avenue next year. As first reported by the New York Post, architecture firm studioMDA has been tapped to design the 55,000-square-foot auction house and will replace the ground floor the existing space with a sunken mezzanine. The new Billionaires’ Row spot will open in the summer of 2020.

More here

Celebrities, Cool Listings

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

Less than a year after dropping $15.3 million on a trophy pad at 432 Park Avenue, J-Rod (J.Lo + A-Rod) has decided to put the sprawling, apartment back on the market. First spotted by the Post, the place is now asking $17.5 million. The news comes just five months after the couple put their considerably smaller apartment at 15 Central Park West on the rental market for $11,500 a month. Why are they selling so soon? Though three bedrooms and 4,000 square feet sounds large to most, a source told the Post that “They love the building, but when their kids are all together, it’s too small. They need something bigger for the family.”

On to bigger and better

Celebrities, Midtown

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

Update 4/2/18: The pair picked up a three-bedroom, 4.5-bathroom that takes up half of the 36th floor of 432 Park, according to Observer. The apartment measures just over 4,000 square feet and features its own elevator, oak floorings, a library and custom-designed eat-in kitchen.

Power-couple Jennifer Lopez and Alex Rodriguez, affectionately known as J-Rod, have purchased an apartment for $15.316 million at 432 Park Avenue, the tallest residential building in the Western Hempishere. As Mansion Global reported, the duo picked up a 4,000-square-foot unit with three bedrooms and four and a half baths. The deal, which closed in February, turned out to be less expensive than expected, as the couple in October reportedly checked out a $40.5 million three-bedroom and an $82 million penthouse.

More details here

Midtown, Recent Sales

432 Park Avenue

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.

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Midtown, Recent Sales

432 Park Avenue

The end of 2017 has seen a lot of record-setting headlines for 432 Park Avenue, namely the $91 million, three-penthouse sale that was the city’s most expensive all year. And a sale at the supertall that came through city property records today makes it clear that there’s no sign of slowing down. Unit 65A, a half-floor, three-bedroom spread, first sold in June of 2016 for $27 million to an anonymous LLC dubbed “432 Holdings LLC.” This past September, the building’s developers CIM Group and Macklowe Properties bought back the apartment for $27.9 million in a presumed attempt to let the seller buy a larger unit in the building. As The Real Deal reported, the seller did just that, upgrading to an 80th-floor unit that cost $39 million. But as of today, the developers have all but made their money back, as the 65th-floor residence sold yet again for $26.4 million to another LLC called “Mallow Enterprises.”

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Midtown, Recent Sales

Chinese buyer snags three penthouses at 432 Park for $91M

By Devin Gannon, Wed, December 20, 2017

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

After dropping a staggering $91.1 million, a buyer from China now owns three penthhouse apartments at 432 Park Avenue, the most expensive closing to date. Picking up units 92, 92B and 93B, the buyer, 432 Park Joy LLC, gets 11,906 square feet spanning two floors (h/t TRD). As 6sqft learned earlier this month, the combined units originally hit the market for roughly $120 million. Prior to this deal, the largest closing at the supertall was a penthouse that was asking $95 million but closed last year for $87.7 million. But it’s still One57 that holds the record for the city’s priciest residential deal, a penthouse that sold for $100.4 million in 2014.

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Midtown, Recent Sales

432 park avenue penthouse, kelly behun, penthouse sale

A massive deal has entered contract at one of New York’s most exclusive condos, the super-skinny skyscraper 432 Park. Mansion Global spotted three neighboring penthouses that all entered contract this Wednesday. There’s #92B, which was asking $40 million; #93B was asking $40.25 million; and #92A was asking $40.5 million. One of the condos served as a model penthouse (pictured above), which was designed and furnished by Kelly Behun. The developers, CIM Group and Macklowe Properties, would not comment on sales, so, for now, it’s unclear if a single buyer is responsible for the same-day transactions over the two floors. If so, someone has nabbed a nearly 12,000-square-foot mansion in the sky for around $120 million.

The buyer-or buyers-are a mystery

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