Tuesday, 7 June 2016

$59M Condo Is 432 Park's Priciest Recorded Sale Yet

Despite pricier units having gone into contract, this is the most expensive closing so far

The Rafael Viñoly-designed supertall, 432 Park Avenue, has recorded its highest closing yet — a full-floor apartment that sold to an unnamed buyer for $59.1 million, The Real Deal reports. The owner, a Los Angeles-based corporation going by 432 Crotona Park Avenue LLC, combined two half apartments as part of the deal. That amounts to 8,000 square feet of space.

The unit is by no means the most expensive, but it's the priciest closing so far. The building's $95 million penthouse is in contract (rumored to be purchased by Saudi Arabian real estate developer Fawaz Al Hokair), as is a $76.5 million penthouse on the building's 88th floor, but both those deals haven't closed yet, according to TRD.

Closings at the building began last fall and several real estate honchos have purchased pads in the building including Douglas Elliman executive Howard Lorber.


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