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

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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.

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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.

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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.

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

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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

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