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Manhattan’s tallest apartment building secures first sales

One unit in tower worth 10 average-priced Manhattan apartments
Published on Mar 16, 2016
  • Designed by Rafael Viñoly Architects, 432 Park Avenue is 1,396 feet tall and the third-tallest structure in the U.S.
  • Condominiums consist of 10-by-10-foot windows, 12.6-foot ceilings, heated bathroom floors and climate-controlled wine cellars -- the last for an additional $320,000.
  • Manhattan’s average apartment runs for $2 million, meaning 10 apartments of “average” standards equal the same price of one single condo at the towering property.
  • One penthouse unit remains on the market for $76.5 million. The apartment has 8,055 interior square feet, five bedrooms and seven-and-a-half bathrooms.

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by CareyBot

The tallest residential tower in the western hemisphere has sold 13 out of 141 units thus far, bringing in $170 million to CIM Group and Macklowe Properties. The building has a projected sell-out of $3.1 billion in total, which means only 5 percent of anticipated sales volume has been reached since opening, according to CityRealty ...

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