Three $40M units go into contract at 432 Park, buyer may be assembling a mega-penthouse

Posted On Fri, December 8, 2017 By

Posted On Fri, December 8, 2017 By In Midtown, Recent Sales

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.

432 park avenue penthouse, kelly behun, penthouse sale

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.

432 park avenue penthouse, kelly behun, penthouse sale

432 park avenue penthouse, kelly behun, penthouse sale

432 park avenue penthouse, kelly behun, penthouse sale

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.

432 park avenue penthouse, kelly behun, penthouse sale

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]


All images by DBOX for Macklowe Properties and CIM Group

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Neighborhoods : Midtown



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