Penthouse at 432 Park sells for significantly less than previous asking price

Unit went for less than asking price of $41M

New York /
Mar.March 12, 2018 03:40 PM

Harry Macklowe and 432 Park Avenue

Another penthouse has sold at the luxury condominium tower 432 Park Avenue.

A buyer listed as Soarhigh Global Ltd. has purchased the penthouse unit 94B for $32.4 million, according to property records. This is significantly less than its previous asking price of $40.5 million.

Attorney Ilyse Dolgenas, who property records indicate represented the buyer, did not respond to a request for comment.

The project from Macklowe Properties and CIM Group is now more than 85 percent sold and crossed the $2 billion threshold in February. The developers said this makes it the city’s highest grossing building ever. Late in 2017, a Chinese buyer paid $91.1 million for three apartments in the tower.

Also, it was reported Monday that Saudi billionaire Fawaz Al Hokair, who owns 432 Park’s top penthouse, was among those detained in Riyadh last fall during the country’s anti-corruption crackdown.


Related Articles

arrow_forward_ios
Photo illustration of Fredrik Eklund and Dottie Herman (iStock, Getty)
Douglas Elliman expands into tight Texas housing market
Douglas Elliman expands into tight Texas housing market
15 Central Park West penthouse and Lindsay Rosenwald (Google Maps, BHS, Fortress)
15 Central Park West penthouse sells for $46.7M
15 Central Park West penthouse sells for $46.7M
(iStock)
Hot, hot, hot: Resi market sets new price records in March
Hot, hot, hot: Resi market sets new price records in March
Housing starts soared in March, which is good news for a residential market hampered by low inventory and high demand. (iStock)
Good news: March housing starts soar 19%
Good news: March housing starts soar 19%
Ilan Bracha (Getty)
From boss to broker: Ilan Bracha joins Corcoran
From boss to broker: Ilan Bracha joins Corcoran
Duke Properties’ CEO Albert Dweck. (Duke)
Duke Properties’ CEO used company funds for lavish lifestyle: lawsuit
Duke Properties’ CEO used company funds for lavish lifestyle: lawsuit
(iStock)
Homebuilder sentiment ticks up in April
Homebuilder sentiment ticks up in April
Bella Hadid and 63 Greene Street (Getty, StreetEasy)
Bella Hadid’s $6.5M Soho penthouse finds a buyer
Bella Hadid’s $6.5M Soho penthouse finds a buyer
arrow_forward_ios

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

Loading...