Aman New York snags its first resale — for $10K psf

Aman New York scored its first resale earlier this week, The Real Deal has learned.

A penthouse at Vlad Doronin’s luxury hotel condo conversion closed for $64 million. The deal for Unit 23A amounts to more than $10,000 per square foot — up from the previous purchase price of $8,000 per square foot. 

A spokesperson for developer OKO Group confirmed the price on the deal, which hasn’t yet landed in public records. The spokesperson declined to provide the identities of the buyer or seller. 

Earlier this year, an unknown trust paid $51 million for the 6,300-square-foot apartment, which has four bedrooms and five bathrooms. It also features a library, home theater and views of Central Park.  

The unit resold for a premium, but the deal was still less than the $66 million the developer asked for the condo when sales launched in January 2020. 

Amie Buchanan, who led sales at 730 Fifth Avenue for the developer’s in-house team, represented the seller. Buchanan did not immediately respond for comment. 

Doronin’s project made headlines earlier this month when the pinnacle penthouse closed for $135 million. The buyer turned out to be Doronin himself, though the developer previously told the Wall Street Journal an Asian investor had agreed to pay $180 million for the unit. 

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The closing of the crown jewel unit followed a string of pricey deals at the building, which was completed in 2022. In February, Hong Kong-based private equity executive, Terence Chan, paid $62 million for a 24th-floor condo. Last July, an LLC linked to a Swedish money manager bought a full-floor unit for $76 million. 

All of the building’s 22 residences, which comprise the upper floors of the Crown Building, have been sold. The building’s amenities include a three-story spa, fitness center, two restaurants and an indoor swimming pool.  

Doronin and developer Michael Shvo bought the 290,000-square-foot office portion of the Crown Building for $475 million in 2015. But Shvo was dropped from the project two years later, though he still retains a small stake.