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Jacob the Jeweler Snags a Ritzy 432 Park Avenue Pad for $16M

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The 3,576 square foot apartment features two bedrooms and three and a half bathrooms

Jacob Arabov, jeweler to the stars and founder of Jacob & Co., purchased a two-bedroom condo at 432 Park Avenue, currently the tallest residential building in the world, the Observer reports.

Property records, which were filed under his wife Angela's name, reveal the couple paid $16.67 million for the 3,576- square-foot luxury apartment on the building's 54th floor. Some of the standout features of the apartments at the Rafael Viñoly-designed building include over high ceilings, solid oak flooring, and bathrooms fitted with Italian statuario marble.

Amenities in the Macklowe Properties and CIM Group-developed building include a 75-foot indoor swimming pool, a fitness center and a spa, a yoga studio, along with in-suite dining and room service. A bunch of units have closed at the building since its first recorded sale this past January.

Arabov founded his jewelry company in 1986. His designs have been worn by the likes of Beyoncé, 50 Cent, and Victoria Beckham; he also spent two years in jail between 2008-2010 about lying to investigators about his involvement in a drug ring.

432 Park Avenue

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