432 Park Avenue
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432 Park Avenue

Condo in Midtown East
13 ApartmentsApts for Sale
2 ApartmentsApts for Rent
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Listing photos by Donna Dotan
Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

Photo by Martti Salmi on Unsplash

March 13, 2024

Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

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New York City’s most successful real estate agents make it their business to know the city’s highlights, hot spots, secrets, and specialties; many are NYC natives or longtime residents whose love for the city’s streets and avenues adds indisputable value to their career of choice. We’ve asked a few top agents to tell us about their favorite neighborhoods and share their views on what the city's future may hold. Read on for insights from Leslie Hirsch, an insider with an enviable view from Billionaires' Row.
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$92M condo at 432 Park enters contract, priciest deal of 2023 so far

Photo by Miikka A. on Unsplash

August 30, 2023

$92M condo at 432 Park enters contract, priciest deal of 2023 so far

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A $92 million condo at 432 Park Avenue in Midtown Manhattan has entered contract, the biggest deal of the year in New York City so far. The five-bedroom apartment on the skyscraper's 79th floor first hit the market in September 2021 for $135 million but underwent a significant price cut this spring, according to CityRealty.
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See inside the $169M penthouse at 432 Park Avenue

Listing photo by Donna Dotan

July 21, 2021

See inside the $169M penthouse at 432 Park Avenue

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The top-floor penthouse at 1,396-foot-tall tower 432 Park Avenue has been publicly listed for the first time ever, asking $169 million. It is the most expensive listing currently in New York City, and if it fetches the asking price, it would become the second-biggest sale in the city's history and set a record with its $20,500 per square foot price tag. As 6sqft reported last month, the 96th-floor unit is currently owned by billionaire Saudi real estate developer Fawaz Alhokair, who bought the apartment for only $88 million in 2016. Listed with Ryan Serhant, founder and CEO of SERHANT., the unit spans 8,225 square feet and has six bedrooms and seven bathrooms, as well as 240 linear feet of glass windows. The home is being sold with all of its art and furniture, which includes pieces from Hermes, Fendi, and Bentley.
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Top-floor penthouse at 432 Park lists for $169M, double the previous sale price

Photo by Sebastiandoe5 via Wikimedia Commons

June 29, 2021

Top-floor penthouse at 432 Park lists for $169M, double the previous sale price

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An $88 million profit? That's what the current owner of the 96th-floor penthouse at supertall tower 432 Park Avenue is hoping to achieve. As the New York Times first reported, billionaire Saudi real estate developer Fawaz Alhokair has listed his apartment at the 1,400-foot-tall condo for $169 million, double what he paid for it in 2016. If it fetches the asking price, it would become the second most expensive home ever sold in New York City and would set a record with its $20,500 per square foot price tag.
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Phillips auction house readies to open white-cube location at 432 Park
April 5, 2021

Phillips auction house readies to open white-cube location at 432 Park

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British auction house Phillips is getting ready for its June move into the white, glassy cube base of supertall 432 Park Avenue. Designed by studioMDA’s Markus Dochantschi, the 35,000-square-foot concourse space at 56th Street will be the only Manhattan auction room visible from the street, breaking down "the classical typology of the 'auction behind closed doors,'" according to a press release. It will have a grand auction room, exhibition galleries, viewing rooms, and a VIP mezzanine.
More info here
432 Park penthouse
432 Park penthouse
Listing photo by Donna Dotan
432 Park penthouse
432 Park penthouse
Listing photo by Donna Dotan
432 Park penthouse
432 Park penthouse
Listing photo by Donna Dotan
432 Park penthouse
432 Park penthouse
Listing photo by Donna Dotan
Billionaire’s Row tops list of most expensive streets in the world

Looking north towards Billionaires’ Row in early October © 6sqft 

December 17, 2019

Billionaire’s Row tops list of most expensive streets in the world

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A new study of the top "ultra-prime" locations in the world dispels any doubt that Billionaire's Row is living up to its name. London-based property consultancy Knight Frank, along with Douglas Elliman, looked at the number of homes sold for over $25 million since 2015 and found the greatest concentration along Midtown's 57th Street, where 41 transactions have been closed in the last five years at an average price of $38.5 million. Manhattan cracked the top ten three more times, with Central Park South coming in third, followed by Park Avenue and Fifth Avenue in fourth and seventh place.
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Designs revealed for Phillips auction house’s new home in 432 Park Avenue’s white cube base

Rendering by studioMDA

October 30, 2019

Designs revealed for Phillips auction house’s new home in 432 Park Avenue’s white cube base

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British auction house Phillips will move its headquarters into the white cube base of the supertall at 432 Park Avenue next year. As first reported by the New York Post, architecture firm studioMDA has been tapped to design the 55,000-square-foot auction house and will replace the ground floor the existing space with a sunken mezzanine. The new Billionaires' Row spot will open in the summer of 2020.
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Jennifer Lopez and A-Rod find a buyer for their short-lived 432 Park pad

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

June 19, 2019

Jennifer Lopez and A-Rod find a buyer for their short-lived 432 Park pad

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Newly engaged couple Jennifer Lopez and Alex Rodriguez have found a buyer for their sky-high Midtown apartment, the New York Post reported Tuesday. The duo listed their pad at 432 Park Avenue--the tallest residential building in the Western Hemisphere--for $17.5 million in January, less than a year after they bought the three-bedroom apartment. It remains unclear who the buyer is and how much they ultimately paid.
Details here
Central Park Tower rises above 432 Park, officially becomes tallest residential building in the world

Current view of construction via 6sqft (L); Rendering of the completed tower via Extell (R)

March 27, 2019

Central Park Tower rises above 432 Park, officially becomes tallest residential building in the world

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Extell Development's supertall on Billionaires' Row is officially the tallest residential tower in the world. As YIMBY reported this week, Central Park Tower, at 225 West 57th Street, has reached its 92nd floor, surpassing the 1,396-foot-tall tower at 432 Park Avenue. Designed by Adrian Smith + Gordon Gill Architecture, Central Park Tower will top out at 95 stories, or 1,550 feet tall, making it stand out significantly among neighboring skyscrapers when construction wraps up next year.
Details here
After less than a year, J.Lo and A-Rod put 432 Park apartment on the market for $17.5M

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

January 11, 2019

After less than a year, J.Lo and A-Rod put 432 Park apartment on the market for $17.5M

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Less than a year after dropping $15.3 million on a trophy pad at 432 Park Avenue, J-Rod (J.Lo + A-Rod) has decided to put the sprawling, apartment back on the market. First spotted by the Post, the place is now asking $17.5 million. The news comes just five months after the couple put their considerably smaller apartment at 15 Central Park West on the rental market for $11,500 a month. Why are they selling so soon? Though three bedrooms and 4,000 square feet sounds large to most, a source told the Post that "They love the building, but when their kids are all together, it’s too small. They need something bigger for the family."
On to bigger and better
Jennifer Lopez and A-Rod pick up $15M apartment at 432 Park Avenue

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

March 28, 2018

Jennifer Lopez and A-Rod pick up $15M apartment at 432 Park Avenue

By
Update 4/2/18: The pair picked up a three-bedroom, 4.5-bathroom that takes up half of the 36th floor of 432 Park, according to Observer. The apartment measures just over 4,000 square feet and features its own elevator, oak floorings, a library and custom-designed eat-in kitchen. Power-couple Jennifer Lopez and Alex Rodriguez, affectionately known as J-Rod, have purchased an apartment for $15.316 million at 432 Park Avenue, the tallest residential building in the Western Hempishere. As Mansion Global reported, the duo picked up a 4,000-square-foot unit with three bedrooms and four and a half baths. The deal, which closed in February, turned out to be less expensive than expected, as the couple in October reportedly checked out a $40.5 million three-bedroom and an $82 million penthouse.
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More than half of NYC’s 20 most expensive sales were at One57 and 432 Park

432 Park Avenue via CIM Group/Macklowe Properties

February 26, 2018

More than half of NYC’s 20 most expensive sales were at One57 and 432 Park

By
The buyer of One57's $100 million penthouse was unveiled as Michael Dell last week, finally solving the mystery of which billionaire set New York City's record for the most expensive home ever sold. The reveal sparked CityRealty's interest in finding out where other costly buildings fall in comparison. Unsurprisingly, Midtown's One57 and 432 Park make up 12 out of the city's 20 priciest homes ever sold with single units going for $100.47 million and $91.5 million, respectively. While those two buildings on Billionaires' Row easily take the top three spots, 15 Central Park West ranks fourth, with its $88 million penthouse sold in 2012.
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Passing $2B in sales, 432 Park becomes highest selling building in NYC ever

Photo via Douglas Elliman

February 7, 2018

Passing $2B in sales, 432 Park becomes highest selling building in NYC ever

By
CIM Group and Macklowe Properties announced on Wednesday that the world's tallest residential building just broke another record: the single best-selling building in New York City. According to the developers, they have sold $2 billion in luxury condominiums at 432 Park Avenue, a 1,396-foot tower designed by renowned architect Rafael Viñoly. The building's most significant closings include 48 residences selling for more than $20 million each.
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65th-floor unit at 432 Park changes hands for the third time in a year-and-a-half
December 28, 2017

65th-floor unit at 432 Park changes hands for the third time in a year-and-a-half

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The end of 2017 has seen a lot of record-setting headlines for 432 Park Avenue, namely the $91 million, three-penthouse sale that was the city's most expensive all year. And a sale at the supertall that came through city property records today makes it clear that there's no sign of slowing down. Unit 65A, a half-floor, three-bedroom spread, first sold in June of 2016 for $27 million to an anonymous LLC dubbed "432 Holdings LLC." This past September, the building's developers CIM Group and Macklowe Properties bought back the apartment for $27.9 million in a presumed attempt to let the seller buy a larger unit in the building. As The Real Deal reported, the seller did just that, upgrading to an 80th-floor unit that cost $39 million. But as of today, the developers have all but made their money back, as the 65th-floor residence sold yet again for $26.4 million to another LLC called "Mallow Enterprises."
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