Three $40M units go into contract at 432 Park, buyer may be assembling a mega-penthouse
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 sales package includes two half-floor units on the 92nd floor and a third half-floor apartment on the floor above. All three were from a selection of penthouse inventory that hit the market in February. For the Kelly Behun-designed unit, everything–including hand-painted wall coverings, a custom Venetian plaster installation around the fireplace, and numerous artworks–was up for sale. That three-bedroom unit, with massive 10-foot windows overlooking the city, boasts three bedrooms, three bathrooms, a powder room, library, laundry room, a service entrance separate from the elevator landing, and formal entrance gallery.
All three units boast three bedrooms, a library, and wood-burning fireplace. The corner master bedrooms have walk-in closets. Windowed master baths are outfitted with marble floors and a freestanding soaking tub.
If the transactions were from one buyer, it’ll beat out the priciest purchase so far at the building, a full-floor penthouse which was asking $95 million and closed last year for $87.7 million. It’s said that Saudi retail magnate Fawaz Al Hokair was the buyer. Yet the $100.4 million penthouse at One57, sold in late 2014, still holds the record for being the city’s priciest residential deal.
Regardless, this penthouse trio is a major sale considering New York’s softening luxury market. Last year, condos at the Rafael Viñoly-designed condominium reportedly selling at an average discount of 10 percent.
[Via Mansion Global]
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All images by DBOX for Macklowe Properties and CIM Group
