The Real Deal New York

Wife of billionaire revealed as buyer of full-floor 432 Park pad

Caryl Englander paid $60M for combo unit in December
April 03, 2018 01:15PM

432 Park Avenue and Caryl Englander (Credit: Getty Images)

432 Park Avenue and Caryl Englander (Credit: Getty Images)

The buyer behind one of 2017’s priciest residential sales has been revealed as the wife of hedge fund billionaire Israel Englander.

Operating through a trust, Caryl Englander paid $60.08 million to combine two penthouse units on the 91st floor of 432 Park Avenue, the Wall Street Journal reported. The apartments 91A and 91B were originally full-floor units asking $78 million, but the developers CIM Group and Macklowe Properties opted to split them in late 2015 due to slowing sales. Englander plans to put the two half-floor units back together again.

The $60 million purchase closed in late December, as The Real Deal first reported. Englander, a philanthropist and photographer who also chairs the board of the International Center of Photography, is paying about $7,250 a square foot for the new 8,200-square-foot pad. Amenities at the building include a private restaurant, a screening room, an indoor swimming pool and a gym.

Englander’s neighbors at 432 Park will include Jennifer Lopez and Alex Rodriguez, who recently bought a $15.3 million 4,000-square-foot apartment in the building, and Saudi retail magnate Fawaz Al Hokair, who owns the $88 million penthouse.

Englander’s husband Israel, who founded Millennium Management and is reportedly worth $6 billion, previously set a price record for a Manhattan co-op when he bought a duplex at 740 Park Avenue from the French government for $71.3 million. [WSJ]Eddie Small