The Real Deal New York

Why ask $10,000 a foot for one 432 Park pad when you can do it for two?

Penthouse at 432 Park split into two $41M units
December 19, 2017 12:50PM

After a run on the market as a single unit, a full-floor penthouse at 432 Park Avenue is being listed as two separate units priced at $41 million and $40.5 million.

The 94th floor unit was originally asking $82.5 million, or just under $10,000 a foot, boasting six bedrooms and spanning 8,255 square feet. The two half-floor units now offer just under 4,000 square feet, asking just over $10,000 a foot.

Douglas Elliman’s Shari Scharfer-Rollins, Sabrina Saltiel, Roger Erickson and Richard Steinberg have the listing, according to Mansion Global.

A similar unit on the 95th floor is currently listed for $82 million.

Earlier this month, three $40 million units at 432 Park went into contract on the same day to the same buyer. The three neighboring units were on the 92nd and 93rd floors and the timing suggests the possibility of a $120 million megamansion in the sky.

Macklowe Properties and CIM Group developed the tower. Harry Macklowe recently testified in Divorce Court that his profits from the deal were $350 million less than he had expected. — Chava Gourarie