Real Estate Wire: 432 Park Officially Tops Out Next Week; Don't Blame Foreigners for Rising Prices

Real Estate Wire: 432 Park Officially Tops Out Next Week; Don’t Blame Foreigners for Rising Prices

By Diane Pham

October 10, 2014

Real Estate Wire: 432 Park Officially Tops Out Next Week; Don’t Blame Foreigners for Rising Prices

The Vinloly-designed tower at 432 Park Avenue will officially top out next week. The buidling is the tallest residential tower in the Western Hemisphere, and the second tallest tower in NYC. [Crain’s]
BIG’s pyramid at 625 West 57th Street will also top out in the coming weeks. [NYDN]
Foreign investors aren’t driving real estate prices up, according to CommonWealth REIT board chair Sam Zell. [TRD]
DHA Capital has acquired 50 Clinton Street for $28M. The residential building will feature “smaller-sized” luxury units projected to start at $1M for one-bedrooms, $2M for two-bedrooms and $3M for one three-bedroom penthouse. [6sqft inbox]

432 Park (left); Sam Zell (right)

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November 7, 2024

$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
tour the penthouse