The billionaire's row blockbuster at 432 Park Avenue now has its first sale with an impressive $18.116 million figure, as city records revealed. The unit is a massive 4,003-square-foot pad with three bedrooms and four and a half baths, a private elevator landing, and 10 by 10 feet windows which provide panoramic park views. The palatial home was bought via LLC, 432 Parkview.
According to 6sqft news, the towering structure was designed by starchitect Rafael Viñoly, with a record breaking height of 1,396 feet, with awesome amenities, and all its $3.1 billion sellout - the total sales dollars that surpassed any existing residential structure, making it the most expensive in NYC.
The construction of the building is now being wrapped up and its occupancy is slated to begin in the middle of this year. As it was last reported, 70 percent of the units are already in contract, which means anyone interested should now brace up for eight-digit or nine-digit closings over the next few weeks.
After years of development and a change in brokers, the immense, supertall building of Rafael Viñoly at 432 Park Avenue (which was named by Curbed as the building of the year for 2015) had its first official sale. It is reported by 6sqft that the first unit to move out of contract and to become officially sold is unit 35B, a 4,000-square-foot on the 35th floor, that was listed originally for $17.75 million, as reported by Curbed news.
The buyer of the first unit has a generic name called 432 Parkview LLC, paying slightly more than the asking price and closing at $18.1 million. NYC's tallest residential tower only received in November its certificate of occupancy.
The developers of the building at 432 Park Avenue are splitting up some of the structure's full-floor apartments amid a downturn in sales. The five full-floor apartments on floors 91 through 95 have been divided for CIM Group and Macklowe Properties into two smaller yet still palatial condos.
