Chinese buyer shells out $91M at 432 Park Buyer snagged three units with 12K sf combined
432 Park Avenue and Harry Macklowe (Credit: Emily Assiran)
Sources said a Chinese buyer just shelle爱上海 d out $91.1 million for a trio of apartments at 432 Park Avenue — becoming the priciest deal at the supertall condominium to date.
The buyer — 432 Park Joy LLC — went into contract on units 92, 92B and 93B on Dec. 4, according to public records. With a total of 11,906 square feet spread over two floors, 新上海贵族宝贝论坛 the units were asking a combined $120 million.
Unt阿爱上海同城 il now, the priciest deal at Macklowe Properties and CIM Group s supertall was a penthouse that traded for $87.7 million last year. 新爱上海同城对对碰论坛 Sources said the buyer was Saudi retail magnate Fawaz Al Hokair. That deal was unusual in that CIM provided a loan for $56 million, nearly two-thirds of the purchase price.
The latest deal will combined three units — each asking more than $40 million — spread over the 92nd and 93rd floors. The Corcoran Group s Susanna Lendrum represented the buyer.
The purchase price works out to $7,651 per square foot — a relative steal compared to other big-ticket deals. Al Hokair reportedly paid $10,623 per foot for the top penthouse last year. In July, real estate executive Gongwen Dong — who also bought Bob Diamond s condo at 15 Central Park West — scooped up爱上海同城论坛 an 86th-floor condo at 432 Park for $33 million, or $8,190 per foot.
Douglas Elliman’s Richard Steinberg, Sabrina Saltiel, Roger Erickson and Shari Scharfer-Rollins are marketing the project for Macklowe Properties and CIM Group.
Tags: 432 park avenue, Douglas Elliman, macklowe properties, NYC Luxury Market, Residential Real Estate, richard steinberg, roger erickson, sabrina saltiel
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