432 Park penthouse asking $76.5M finds buyer Identity of purchaser at PH88 still unclear
A penthouse at 432 Park Avenue that was asking $76.5 million is now in contract, The Real Deal has learned, in a deal that is likely to give developers of ultra-pricey product a pick-me-up.
The five-bedroom, seven-bathroom, 8,055-square-foot aerie, PH 88, is being purchased by a mystery bu上海贵族宝贝交流区 yer. A spokesperson for the developers, Macklowe Properties and CIM Group, declined to comment on the final contract price or on the identity of the buyer.
The price for the unit – which was first listed in May of 2014, according to StreetEasy – amounts to an astonishing $9,497 per square foot.
Other buyers at the building include Douglas Elliman chair Howard Lorber and his business partner Bennett LeBow of the Vector Group, Ellima上海同城对对碰交友社区 n s parent company. LeBow paid $45 million, or more than $5,562 per foot, for his condo a combination of two half-floor pads on the 64th floor. Lorber shelled out just over $15 million, or $3,750 per foot, for his half-floor apartment on the 67th floor.
PH 88 was one of the last if not the last full-floor condos for sale at 43阿拉爱上海同城 2 Park, not including units combined by individual buy新上海贵族宝贝论坛 ers. Saudi retail magnate Fawaz Al Hokair is reportedly paying $95 million, or $11,300 per foot, for the loftiest perch at 432 Park. The 8,255-square-foot penthouse went into contract in 2013, and hasn’t yet closed.
This fall, CIM and Macklowe divided some of the full-f[……]