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See inside the $169M penthouse at 432 Park Avenue

Listing photo by Donna Dotan

July 21, 2021

See inside the $169M penthouse at 432 Park Avenue

By Dana Schulz

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

Distinctive Homes

Billionaire Joe Tsai revealed as buyer of $157.5M condos at 220 Central Park South

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

July 20, 2021

Billionaire Joe Tsai revealed as buyer of $157.5M condos at 220 Central Park South

By Dana Schulz

As was first reported by the Wall Street Journal in June, a buyer shelled out $157,500,000 for two units at 220 Central Park South. Property records showed the $82.5 million purchase of the 60th-floor unit and the $75 million purchase of the 61st-floor unit, both made using an LLC. But CNBC has now revealed that the buyer is billionaire Joe Tsai, Alibaba co-founder and owner of the Brooklyn Nets. The sale is the second biggest in New York City history and the third-largest ever in the U.S. The number-one spot occurred at the same Billionaires' Row tower, with billionaire Ken Griffin's $238 million purchase in early 2019.
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Clinton Hill’s famous Pfizer mansion sells for $9.05M, setting neighborhood record

Listing images courtesy of Douglas Elliman

July 13, 2021

Clinton Hill’s famous Pfizer mansion sells for $9.05M, setting neighborhood record

By Dana Schulz

After three years on the market, the grand Queen Anne townhouse at 280 Washington Avenue in Clinton Hill has closed for $9,050,000, setting a sales record for the neighborhood. The previous record-holder was 315 Vanderbilt Avenue, which sold for $7,200,000 in 2015. The 10,000-square-foot mansion is known as the Pfizer mansion as it was built in 1887 for Charles Erhart, co-founder of the Pfizer pharmaceutical company and brother-in-law to Charles Pfizer. The opulent home features historic details like an original Otis elevator, moldings and woodwork galore, eight fireplaces, and stained glass. There's also a sunken "speakeasy" party room, seven bedrooms, a wine cellar, and a beautifully landscaped backyard.
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Real Estate Trends

Top-floor penthouse at 432 Park lists for $169M, double the previous sale price

Photo by Sebastiandoe5 via Wikimedia Commons

June 29, 2021

Top-floor penthouse at 432 Park lists for $169M, double the previous sale price

By Dana Schulz

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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January 13, 2021

Brooklyn Heights townhouse sells for $25.5M, breaks borough record

By Dana Schulz

As was first reported by The Real Deal, billionaire Vince Viola has sold his Brooklyn Heights mansion at 8 Montague terrace for a record-setting $25.5 million, according to city property records. The sale beats out the $20.3 million penthouse in Brooklyn Heights’ Quay Tower, which sold virtually back in April. Viola, an Army veteran who founded Virtu Financial and owns the NHL Florida Panthers, bought the home with his wife Teresa in 2007 for $8 million. At the time it was a multi-family dwelling, but they converted it to a single-family home. The new buyer is not identified, and it appears to be an off-market deal.
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Real Estate Trends

$100M penthouse closes at 220 Central Park South, third-most-expensive NYC sale ever

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons

July 28, 2020

$100M penthouse closes at 220 Central Park South, third-most-expensive NYC sale ever

By Dana Schulz

Photo of 220 Central Park South in front of 111 West 57th Street (cropped) by Jim Henderson via Wikimedia Commons As of July 1, 2020, the average price per square foot for a New York City condo came in at $1,110, according to CityRealty. But this duplex penthouse at 220 Central Park South sold for a whopping $12,164 per square foot. First spotted by The Real Deal and confirmed in city property records, PH 76 at the Billionaires' Row tower just closed for $99,903,375, making it the third-most-expensive sale ever, behind billionaire Ken Griffith’s $238 million purchase also at 220 CPS in early 2019 and Michael Dell’s $100 million buy at One57 in 2015. The sale takes the number-three spot from a $92.7 million sale at 220 CPS, which sold in late 2019 to billionaire hedge-funder Daniel Och.
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Real Estate Trends

Connecticut’s biggest sale of the year is a $17.1M waterfront estate with a golf practice green

Photo credit is Halstead Connecticut LLC

May 14, 2020

Connecticut’s biggest sale of the year is a $17.1M waterfront estate with a golf practice green

By Dana Schulz

Halstead Real Estate reports that their Greenwich, Connecticut-based agent Christopher Finlay just represented the state's highest-priced sale of this year. The incredible waterfront estate was originally listed for $21 million and closed this week for $17.1 million. Located within the prestigious Belle Haven neighborhood, the impeccably renovated 1915 Georgian Colonial sits on nearly four acres that come complete with rolling lawns overlooking the Long Island Sound, a large swimming pool, a gorgeous flower garden, and a contoured golf practice green with bunkers.
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Real Estate Trends

$20.3M penthouse on the Brooklyn Heights waterfront is borough’s most expensive sale ever

Image courtesy of MOSO Studio

April 15, 2020

$20.3M penthouse on the Brooklyn Heights waterfront is borough’s most expensive sale ever

By Dana Schulz

Back in October of 2018, a $20 million penthouse in Brooklyn Heights' Quay Tower went into contract. It's now closed (virtually!) for $20,301,000, making it the borough's most expensive residential sale ever. It takes the crown from the $16.7 million penthouse Matt Damon bought in late 2018 at The Standish, also in Brooklyn Heights. Andrew Anderson of Douglas Elliman, who facilitated the sale, said: "Closing on the most expensive residential sale in Brooklyn history at this period in time is a testament to the beautiful, serene homes created at Quay Tower and the desirability of waterfront living in Brooklyn Heights."
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Real Estate Trends

Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

Via Vornado Realty Trust and Robert A.M. Stern Architects

January 23, 2019

Billionaire Ken Griffin buys $240M NYC penthouse, the most expensive home sold in the U.S.

By Devin Gannon

Update 1/29/19: The penthouse officially closed on January 23, 2019, for $239,958,219, more than was originally reported. Billionaire Ken Griffin has closed on a penthouse at 220 Central Park South for $238 million, setting the record for the most expensive home ever sold in the United States, as the Wall Street Journal first reported. Griffin, who founded Citadel, first signed the contract to buy a 24,000-square-foot unit at the under-construction tower in 2015. The hedge fund mogul reportedly picked up the pricey digs as "a place to stay when he's in town," since his company is looking to expand its footprint in New York City.
More on record-breaking deal

Real Estate Trends

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January 11, 2019

Billionaire’s Midtown penthouse got the biggest price chop in NYC history, now $70M off

By Michelle Cohen

Everything goes on sale after Christmas, and that’s certainly true of hedge fund billionaire Steve Cohen’s Beacon Court penthouse at 151 East 58th Street. The SAC Capital Advisors founder bought the 9,000-square-foot duplex for $24 million in 2005 and hired noted architect Charles Gwathmey to give it a once-over. The condo hit the market again in April of 2013 for a whopping $115M (around the time Cohen received a wrist-slap to the tune of $1.2 billion for insider trading). No takers at that price. Or the next one ($82M). Or the one after that ($79M)–you probably get where this is going. Where the five-bedroom aerie on the building's 51st and 52nd floors ended up today: Deeply discounted to $45 million after eight price cuts adding up to a $70 million drop, making it the heftiest haircut to happen in New York City history according to The Real Deal.
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