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

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

New York /
Sep.September 20, 2016 02:11 PM

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.


Related Articles

arrow_forward_ios
Ziel Feldman with Fifty Third and Eighth. (The Xi, 53rd and 8th)
HFZ loses control of 4 Manhattan condo projects
HFZ loses control of 4 Manhattan condo projects
432 Park Avenue (Getty)
432 Park tenants plagued by creaks, leaks and design flaws
432 Park tenants plagued by creaks, leaks and design flaws
(Engel & Völkers Market Center, 432 Park)
Sugimoto-curated 79th floor at 432 Park quietly hits market
Sugimoto-curated 79th floor at 432 Park quietly hits market
CIM Group's Shaul Kuba and HFZ Capital's Ziel Feldman (Getty)
Foreclosures tied to 4 HFZ condo buildings halted, for now
Foreclosures tied to 4 HFZ condo buildings halted, for now
Related chairman Stephen Ross and 265-475 Cherry Street (Getty; Google Maps)
Related to buy Section 8 buildings for $435M
Related to buy Section 8 buildings for $435M
HFZ's Ziel Feldman and CIM's Shaul Kuba (Getty, iStock)
HFZ sues CIM to halt condo foreclosure sale
HFZ sues CIM to halt condo foreclosure sale
HFZ Chairman and Founder Ziel Feldman (Credit: Monica Schipper/Getty Images)
Four of HFZ’s condo loans being shopped in foreclosure sale
Four of HFZ’s condo loans being shopped in foreclosure sale
Avi Shemesh, Richard Ressler, and Shaul Kuba, and the towers
CIM’s $500M multifamily buy in Northern Virginia among priciest ever
CIM’s $500M multifamily buy in Northern Virginia among priciest ever
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...