This 432 Park unit just sold at a 27% discount

The condo closed for $29.5M

New York /
Jan.January 03, 2019 06:00 PM

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

A sponsor unit at Macklowe Properties and CIM Group’s 432 Park Avenue just closed for $29.5 million — a hefty discount from its last asking price.

The condo’s anonymous buyer is listed as “Blue Marlin 432 LLC,” according to records filed with New York City’s Department of Finance. It was listed for $40.5 million and went into contract in December, according to Olshan Realty.

The price works out to $7,375 per square foot.

The apartment spans about 4,000 square feet — and includes three bedrooms and a library. The unit features a private elevator, a windowed eat-in kitchen and a master suite with two master bathrooms.

The buyer’s signatory, Bobbi Langer at Schulte Roth & Zabel, declined to comment.

In December, another sponsor unit sold to an anonymous buyer for $15 million.

Earlier this year, the developers said 432 Park passed the $2 billion sales milestone. At the time, they said 48 units sold for more than $20 million each. Sales launched at the project in 2015 — and have made for some of the priciest residential deals in the city.


Related Articles

arrow_forward_ios
Side's Guy Gal and John Wollberg
Brown Harris Stevens defector kicks off Side’s entrance into New York
Brown Harris Stevens defector kicks off Side’s entrance into New York
Outpaced demand spurred largest decline in 18 months: Redfin (iStock)
U.S. home sales dropped 11% amid waning supply
U.S. home sales dropped 11% amid waning supply
Serhant brings in two Compass teams
Serhant brings in two Compass teams
Serhant brings in two Compass teams
Ulster County, NY (iStock)
Ulster County home prices spiked 20 percent last year
Ulster County home prices spiked 20 percent last year
Ben Hakimian, founder, Hakimian Organization; 244 West 49th Street (Google Maps, KSU)
Hakimian changes Midtown hotel plans to residential
Hakimian changes Midtown hotel plans to residential
53 Downing Street (Compass)
Gut-renovated West Village townhouse tops Manhattan’s priciest contracts
Gut-renovated West Village townhouse tops Manhattan’s priciest contracts
East Hampton Town Supervisor Peter Van Scoyoc and 395 Pantigo Road in East Hampton (EHamptonNY.gov, Zillow, iStock)
East Hampton Town officials vow affordable housing action
East Hampton Town officials vow affordable housing action
Barstool Sports founder Dave Portnoy (Getty)
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
Barstool Sports’ Dave Portnoy bought a Hamptons beach house
arrow_forward_ios

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

Loading...