432 Park Avenue
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432 Park Avenue

Condo in Midtown East
12 ApartmentsApts for Sale
3 ApartmentsApts for Rent
View the CityRealty Profile of 432 Park Avenue
Listing photos by Donna Dotan
A Trashcan Inspired the Design of Rafael Viñoly’s 432 Park Avenue
May 31, 2015

A Trashcan Inspired the Design of Rafael Viñoly’s 432 Park Avenue

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Most ideas usually end up in the trash but few ideas are inspired by the basket that holds them. A recent discovery by The Real Deal has revealed that the city's residential tower-of the-moment, 432 Park Avenue, was actually inspired by a Josef Hoffmann-designed wastebasket released in 1905. The revelation came via a talk held last December at the Cornell Center for Real Estate and Finance where Harry Macklowe, the co-developer of the supertall, told the crowd that the repository was an "important touchstone" for the 1,396-foot-high design.
More on the muse here
Sources Say Saudi Billionaire Is Buyer of $95M Penthouse at 432 Park
May 29, 2015

Sources Say Saudi Billionaire Is Buyer of $95M Penthouse at 432 Park

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The Real Deal reports that Saudi billionaire and retail magnate Fawaz Al Hokair is the buyer of the $95 million penthouse at 432 Park, the city's current tallest residential building. The unit went into contract in 2013 for roughly $11,500 per square foot, but sources are just now coming out with his identity. Al Hokair is the founder and chairman of Fawaz Alhokair Group, the most valuable retail and real estate company in Saudi Arabia. Forbes estimates the company is worth $22 billion, and that Al Hokair's net worth is $1.37 billion. When the deal closes it will be the second most expensive condo sale ever in the city, stealing the title from Bill Ackman's $91.5 million buy at One57 and following only behind the $100 million penthouse sale, also at One57.
More details, interior renderings, and a floorplan ahead
Five Luxury Towers Will Account for One-Third of New Development Sales over the Next Five Years
April 28, 2015

Five Luxury Towers Will Account for One-Third of New Development Sales over the Next Five Years

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It's projected that over the next five years, new development sales in Manhattan condos will total $27.6-$33.6+ billion, but this sky-high figure is heavily skewed by prices in just five buildings. These luxury towers will account for one-third of the total projection. Three of the buildings -- 432 Park, 220 Central Park South, and 550 Madison Avenue (the former Sony Building) -- are located on billionaires' row and are expected to bring in a whopping $8 billion. The Greenwich Lane and 10 Madison Square West will also likely bring in close to $1.5 billion each. Along with this boost from the upper end of the market comes a trend where fewer units are selling, but prices are shooting up.
More info and CityRealty's full infographic here
EVENT: Here’s Your Chance to Get Inside 432 Park Avenue

Image © dbox

April 6, 2015

EVENT: Here’s Your Chance to Get Inside 432 Park Avenue

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We've all seen more than our fair share of 432 Park Avenue's facade around town, but finally here comes an opportunity to get inside the building. The Storefront for Art and Architecture has just announced that the Viñoly supertall will be the site of their 2015 spring benefit, TRANS. The gala, being held Tuesday, April 21st, 2015, will be the first public event hosted at the unopened building, and by the looks of the program, it also promises to be as starchitect-studded and "transcendent" as these things get.
Find out how to attend here
‘No-Shadow’ Skyscraper Could Solve the Problem of Towers Blocking the Sun
March 16, 2015

‘No-Shadow’ Skyscraper Could Solve the Problem of Towers Blocking the Sun

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It's been one of the biggest criticisms of all of New York's new supertall towers–their shadow-casting, sun-blocking tendencies and the fact that there's nothing in place to regulate this. But a new skyscraper proposed for London may solve this urban dilemma. Architects at the London-based firm NBBJ digitally designed a pair of towers that are precisely aligned with curved and angled facades that act like mirrors to reflect down toward the street. According to the National Post, "In theory, one of the towers would reflect sunlight into the shadow of its sister tower, reducing the area of shade caused by the project as a whole."
More details ahead
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
How Long Are the Elevator Commutes in the Tallest Towers?

432 Park

January 26, 2015

How Long Are the Elevator Commutes in the Tallest Towers?

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The race to build the tallest residential building seems to never end. In NYC, One57 briefly held the title at 1,005 feet before it was outdone by 432 Park at 1,396 feet. But both of these supertall towers are expected to be beat by the Nordstrom Tower, which will come in at 1,775 feet. Across the world, though, towers rise even higher; World One in Mumbai, India is 1,450 feet, the 106 Tower in Dubai is 1,421 feet, and the mixed-use Kingdom Tower in Saudi Arabia will hit 167 stories and 3,281 feet. In fact, according to The Real Deal, "of the 445 residential towers in the world over 650 feet that are built or under construction, only 12 are located in Manhattan." With these dizzying heights becoming the new normal, the elevator becomes perhaps the most important construction element, and a feature in the Wall Street Journal calculates the annual "elevator miles" logged by residents of supertall condo towers around the world.
Check out the mileage here
111 West 57th Street: The World’s Skinniest Tower Will Rise to 1,421 Feet
January 15, 2015

111 West 57th Street: The World’s Skinniest Tower Will Rise to 1,421 Feet

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That's a lot of accolades for one building, but the SHoP Architects-designed tower at 111 West 57th Street is looking to sweep the supertall competition. Originally planned to rise 1,397 feet, the tower will now soar to 1,421 feet, surpassing 432 Park Avenue (the current tallest residential building in the Western Hemisphere) by 24 feet, according to city records uncovered by Crain's. It will also retain its title as the world’s slenderest tower.
More details ahead
Looking Back and Forecasting What’s to Come in the 2015 NYC Real Estate Market
January 1, 2015

Looking Back and Forecasting What’s to Come in the 2015 NYC Real Estate Market

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It's that time of year when we take a look back at the biggest stories of the year and look ahead at what's to come. And if 2014 was the year of the ultra-luxury listing, 2015 shows no sign of cooling down. This past year saw major increases from 2013, with $16.8 billion in residential sales, over 17 percent of which was accounted for by purchases over $10 million. Plus, the top 25 sales of the year all closed for over $25 million. News of big sales at One57 will likely continue, with 520 Park Avenue vying for the title of most-talked-about building. We'll also start hearing more from 30 Park Place, 432 Park Avenue, and the Woolworth Residences. To help you visualize all of these high-rolling record setters and predictions, the folks at CityRealty have put together some handy charts and infographics.
Check out the year in review and 2015 predictions here
Vanity Addresses Like 432 Park Avenue Might Be the Reason You’re Getting Lost

Lost in NYC via Ed Yourdon via photopin cc

December 30, 2014

Vanity Addresses Like 432 Park Avenue Might Be the Reason You’re Getting Lost

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When we get into heated debates about NYC being the greatest city on Earth, we like to cite the fact that our sophisticated, methodical street grid makes it impossible to get lost. But what happens when the entrance to 432 Park Avenue is not actually on Park Avenue? Our egos get a little bruised. Known as "vanity addresses," these luxury buildings choose to go by swanky street names like Park or Madison Avenues, but in reality their entrance is on a lowly side street. The front door for 432 Park, for example, will likely be on 56th Street, 150 feet from the Avenue. But how do developers skirt the traditional numbering system to create something that's more of a brand than an address?
Find out here (hint-it doesn't come cheap)
Vote for 2014’s Building of the Year!
December 17, 2014

Vote for 2014’s Building of the Year!

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There is no shortage of towers on the rise in Manhattan, but amongst these glass and stone beauties are a handful that stand head and shoulders (and several hundred feet) above the rest. A red hot real estate market and cutting edge building technology have paved the way for towers of both unprecedented heights and prices. But worthy of equal credit are the visionary developers and architects who dare to change the NYC skyline. Here we've handpicked 12 of the most newsworthy buildings of 2014; these towers boast groundbreaking designs and record-breaking (or soon to be record-breaking) prices. But we ask you: Out of the dozen, which deserves the title "Building of the Year?" Cast a vote above to help us decide which is 2014's most important tower! Extended by popular demand… Voting ends TODAY, December 12th at 11:59 PM WEDNESDAY, December 17th at 11:59 PM and we’ll reveal the winner on Friday, December 19th. And if you’re still torn between two (or all), jump ahead for the low-down on each, from height to 2014 news highlights.
More on each of the buildings here
It’s Official: 432 Park Avenue is NYC’s Tallest Residential Building
October 14, 2014

It’s Official: 432 Park Avenue is NYC’s Tallest Residential Building

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NYC supertalls all over town are weeping: 432 Park Avenue is officially the tallest residential building in the city as of today, topping out at 1,396 feet, and the second-tallest tower after One World Trade Center. Concrete on the highest floor of the Rafael Viñoly-designed building is being poured, probably as we speak, cementing (no pun […]

<b>Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)</b>
October 2, 2014

Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)

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It seems like every week a new residential skyscraper is being announced in New York City, just earlier this week the New York Times noted that a partnership between Steven Witkoff and Harry Macklowe is moving ahead with a redevelopment of the Park Lane Hotel at 36 Central Park West with an 850-foot tower. With the mind-boggling amount of residential spires poised to pierce the sky, here's a quick rundown of the tallest of the tall--the spindly bunch set to soar higher than 700 feet. Keep in mind that just 30 years ago, the tallest residence in the city was perched atop the 664-foot Trump Tower. Today, buildings are on the drawing board for more than twice that height.
See our list of the 26 tallest towers
Daily Link Fix: Instagrammer Takes Photos from Atop 432 Park Avenue; WEDG Personal Cloud Offers Stronger Security
September 25, 2014

Daily Link Fix: Instagrammer Takes Photos from Atop 432 Park Avenue; WEDG Personal Cloud Offers Stronger Security

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A new infographic, The Schematic of Structures, displays the 90 greatest architectural achievements since prehistory. You can be the judge of this list over on Fast Co. Design. Break out the Meow Mix, NYC’s first permanent cat café could open next spring. According to Gothamist, a $65,000 crowdfunding campaign is underway to make the kitty dream a realty. […]

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