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

Unit went for less than asking price of $41M

TRD 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
Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

Harry Macklowe, Linda Macklowe and 432 Park Avenue (Credit: Getty Images)

The latest in Harry Macklowe’s divorce: Linda’s appeal killed in court

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

A rendering of Tower Fifth with Harry Macklowe (Credit: Getty Images)

Harry Macklowe just got $192M closer to building his Midtown skyscraper

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

arrow_forward_ios