Undisclosed Buyer Pays $65.6M for Penthouse at Tallest Residential Tower in Western Hemisphere

Share this Post!

An undisclosed buyer purchased one of the penthouses at 432 Park Ave., the tallest residential tower in the Western Hemisphere, for $65.6 million, according to the property’s public relations team.


It is the second-highest price paid for one of the residences at the Rafael Vinoly-designed luxury tower. Retail magnate Fawaz Al Hokair reportedly purchased another penthouse in the building in September 2016 for $87.7 million, says The Real Deal.


Identified as Parklight LLC, the buyer of Unit 85 went into contract on the full-floor penthouse in April 2013, with Haroon Hamid as the authorized signer, according to public records.


We know that the lavish residence, sold for $8,144 per square foot, has five bedrooms, a library, and a wood-burning fireplace.


Other pricey buys at 432 Park Ave., which was developed by Macklowe Properties TRData LogoTINY and CIM Group, include Unit 88, purchased in 2016 for $60.89 million by Lew Sanders, the former CEO of asset manager AllianceBernstein; and Unit 79, bought for $59.1 million by 432 Crotona Park Avenue LLC, a Los Angeles-based corporation.

In designing the building and its amenity spaces Viñoly, who based the concept for the property off a pricey trash can, used the finest building materials, including mahogany, hand-blown glass, marble, and travertine.

Images courtesy of DBOX

Related post