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
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
Carl Liebert, CEO of kwx and Marc King, president of Keller Williams (V Foundation, Keller Williams)
Keller Williams has its best Q1 ever with $98B in sales
Keller Williams has its best Q1 ever with $98B in sales
Better.com CEO Vishal Garg (Better.com, iStock)
Mortgage lender Better to go public via SPAC merger
Mortgage lender Better to go public via SPAC merger
The Penthouse at 60 Broadway in Williamsburg. (Compass)
Brooklyn sees 41 luxury deals inked last week
Brooklyn sees 41 luxury deals inked last week
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
(iStock)
Drop in home refinancing crimps mortgage firms’ profits
Drop in home refinancing crimps mortgage firms’ profits
Douglas Elliman's Scott Durkin and Connie Mui-Reilly (Douglas Elliman, iStock)
Elliman launches portal to streamline agent resources
Elliman launches portal to streamline agent resources
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
arrow_forward_ios

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

Loading...