clock menu more-arrow no yes mobile

Filed under:

432 Park Ave’s priciest recorded sale is now an $87.7M penthouse

New, 7 comments

Saudi Arabian billionaire Fawaz Al Hokair is now the proud owner of the penthouse apartment

There's a new priciest apartment in town—or, in the Rafael Viñoly-designed supertall 432 Park Avenue, anyway. The Real Deal reports that the 8,255-square-foot penthouse has just closed for a whopping $87.7 million, a few million shy of its $95 million asking price, but enough to make it the new highest recorded sale in the luxury tower.

As previously speculated, Saudi Arabian retail titan Fawaz Al Hokair is the buyer of the full-floor penthouse on what is (for now) the tallest residential building in the city. Hokair paid a mind-blowing $10,623 per square foot for the six-bedroom, seven-bathroom pad, dethroning a $59 million condo as 432 Park’s most expensive recorded sale to date. Alas, the $100.5 million penthouse at One57 remains the city's priciest sale ever.

The home's amenities include a wood-burning fireplace, oak floors, heated bathroom floors, and, of course, a ridiculous view of the city. Interiors have just been revealed for the building's model unit, which should give you an idea of what Al Hokair's new digs might look like.

432 Park Avenue

432 Park Avenue, New York, NY Visit Website