The Real Deal New York

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

Unit went for less than asking price of $41M
By Eddie Small | March 12, 2018 03:40PM

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.