Saudia Arabian billionaire Fawaz Al Hokair is now the proud owner of the city’s highest residence
The Rafaely Viñoly-designed supertall tower, 432 Park Avenue, has just closed on its priciest unit. The Real Deal reports that the 8,255-square-foot penthouse has just closed for a whopping $87.7 million, a few million shy of its $95 million asking price, but enough to make it the new highest recorded sale in the luxury tower.
As previously speculated, Saudi Arabian retail titan Fawaz Al Hokair is the buyer of the full-floored penthouse on what is now the highest residence in the city. Hokair paid a mind-blowing $10,623 per square foot for the six-bedroom, seven-bathroom pad in the Western hemisphere’s tallest residential building. The sale dethrones a $59 million condo as 432 Park’s most expensive recorded sale to date and puts it in second place for the city’s second priciest, with the $100.5 million penthouse at One57 remaining in first place.
Words, likely don’t do the amenities of this home justice but there’s a wood-burning fireplace, oak floors, heated bathroom floors, and of, course a view of the city unlike any other. Interiors have just been revealed for model units and though, it’s probably quite different from the penthouse unit, they're still absolutely stunning.