The Real Deal New York

Mystery buyer closes on two 432 Park condos for $62M

Both apartments in Midtown East supertall are on the 82nd floor

September 20, 2016 02:11PM
By Kathryn Brenzel

432 Park Avenue

432 Park Avenue

Two more condominium unit sales have closed at 432 Park Avenue for a total of $62 million.

Mystery buyer Blessings Investments paid $18.6 million for unit 82A and $43.3 million for 82B, according to property records filed with the city on Tuesday. It was not immediately clear who is behind the LLC, which has not purchased other properties in the city.

The larger of the two condos, unit 82B, which wasn’t publicly marketed, has four bedrooms and spans 5,421 square feet. The smaller unit, which was listed for $21.5 million, has three bedrooms and spans 2,633 square feet.

Closings in the tower — developed by Macklowe Properties TRData LogoTINY and the CIM Group — began last fall. Last week, Saudi retail magnate Fawaz Al Hokair closed on an $87.7 million penthouse in the building, the priciest closing in the building to date. CIM Group provided the buyer with a $56 million to acquire the pad. In May, another penthouse in the building — unit 88 — went into contract for $76.5 million.

Other buyers in the building include Qatari diplomat Nassir Abdulaziz Al-Nasser, Douglas Elliman’s chairman Howard Lorber and Bennett LeBow, chairman of Douglas Elliman’s parent company Vector Group.