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432 Park's second-priciest sale is a $61M full-floor penthouse

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The five-bedroom, seven-bathroom spans over 8,000-square feet

Courtesy of Douglas Elliman

Six months after it went into contract, we’ve now learned that 432 Park Avenue’s 88th floor penthouse sold for $60.893 million, which is over $15 million less than it’s ask of $76.5 million. Still, $60 million is obviously no sum to scoff at, and what’s more, this closing makes it the second priciest closing at the Rafael Viñoly-designed tower.

The record is still held by top floor penthouse at the condo building. That sprawling unit closed for $87.7 million in September this year, which is not too far away from its enormous ask of $95 million.

This most recent closing narrowly beat out the $59 million sale of another full-floor apartment at the Macklowe and CIM Group-developed building. At the time that it closed, it was the priciest recorded sale in the building, so it sure seems like it’s been a year of records for tallest residential building in the world.

Now back to the 88th floor penthouse. Property records reveal the buyer to be Lewis A. Sanders, who is the founder and CEO of Sanders Capital, LLC, an investment management firm. The full-floor penthouse spans just over 8,000 square feet and comes with five bedrooms, seven bathrooms, over 12-foot-tall ceilings, and of course, expansive views of the city.

It’s turning out to be quite the week for city’s priciest developments. With the news of the penthouse closing at 432 Park Avenue comes word that another outrageously expensive condo has gone into contract just a short walk away at One57. That four-bedroom, full-floor condo was asking $58.5 million, but it will still be a while before we find out how much it actually sold for.

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