The Real Deal New York

New Condos: Midtown
432 Park Avenue

July 10, 2014 12:03PM

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At 1,398 feet, 432 Park Avenue will be tallest residential building in the Western Hemisphere. Now, more than halfway done, the 125-unit CIM/Macklowe-developed project officially has six apartments on the market. (A much greater number of units have been available for sale since the project launched, but they haven’t typically been listed on StreetEasy and other listings portals.) The available units at press time ranged from a 3,575-square-foot two-bedroom, asking $16.95 million, to an 8,255-square-foot penthouse that takes up the entire 94th floor and costs $82.5 million. The Rafael Viñoly Architects-designed building has private dining, golf training facilities and a screening room. Apartments feature 12.5-foot ceilings, solid-oak flooring, Miele appliances, Dornbracht fixtures and marble countertops. Douglas Elliman Development Marketing was recently brought onboard to assist with sales and marketing. Contact www.432parkavenue.com or 212-432-5657.

NAME432 Park Avenue
PRICE RANGEFrom $16,950,000 to $82,500,000
ADDRESS432 Park Avenue
SIZE RANGEFrom 2,633 Sq Ft to 8,255 Sq Ft
TYPENew BuildingAVG PPSF$7,278
TOTAL UNITS125TAX ABATEMENTNo
DEVELOPERMacklowe Properties, CIM GroupAVG COMMON CHARGE$2.00/sf
BROKERDouglas Elliman, Macklowe Property SalesFINISHED BY2015
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.
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