Mystery buyer pays $66M for 432 Park penthouse

Full-floor pad is second-priciest sale to date

New York /
Jan.January 12, 2017 11:47 AM

A mystery buyer just scooped up one of 432 Park Avenue‘s priciest penthouses for $65.6 million — the second-highest price paid to date for a pad at the luxury tower.

The buyer of Unit 85 — identified as Parklight LLC — went into contract on the full-floor spread in April 2013, according to public records. Haroon Hamid was an “authorized” signatory on the deed.

Since closings began in late 2015, the Rafael Vinoly-designed tower, developed by Macklowe Properties TRData LogoTINY and CIM Group, has racked up a spate of big-ticket sales.

Saudi retail magnate Fawaz Al Hokair reportedly closed on the building’s $87.7 million penthouse in September for over $10,600 per square foot (though he received a generous $56 million loan from CIM Group), and five units at 432 Park were among the top 10 priciest residential sales of 2016.

Unit 85, a full-floor residence with five bedrooms, a library and wood-burning fireplace, sold for $8,144 per square foot, a premium for the building. Lew Sanders, the former CEO of asset manager AllianceBernstein, forked over $60.89 million, or just under $7,600 per foot, for Unit 88 last year. And a Los Angeles-based corporation, 432 Crotona Park Avenue LLC, plunked down $59.1 million, or $7,337 per foot, for Unit 79.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
FiDi condo supply is through the roof as workers delay office return. (Getty)
FiDi condo glut is through the roof
FiDi condo glut is through the roof
Quay Tower at 50 Park Drive and Ryan Serhant (ODA, Getty)
Ryan Serhant’s brokerage takes over sales at Brooklyn Bridge Park condo
Ryan Serhant’s brokerage takes over sales at Brooklyn Bridge Park condo
168 Plymouth Street (Alloy)
Brooklyn nets $125M in signed luxury contracts
Brooklyn nets $125M in signed luxury contracts
A rendering of One Boerum Place with Avery Hall Investments' Avi Fisher (top) and Brian Ezra (SLCE Architects, Avery Hall Investments)
Shifting gears: Brooklyn condo tower to debut as rental
Shifting gears: Brooklyn condo tower to debut as rental
Leslie J. Garfield and 313 West 4th Street (Google Maps)
Leslie J. Garfield’s former townhouse sells for $15M
Leslie J. Garfield’s former townhouse sells for $15M
arrow_forward_ios

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

Loading...