An $82 million penthouse in NYC’s tallest residential building finally sold after 2 years on the market — but only after it was split in half and got a $21 million price chop


432 park new york city

  • An $82 million penthouse in New York City’s tallest residential building has finally sold after sitting on the market for more than two years.
  • It sold after it was split into two separate units and was given a $21 million price total price cut.
  • The split units sold for $30.7 million and $30.2 million respectively.
  • The luxury 95th-floor apartment, with its 10-by-10-foot windows, offers 360-degree views of Central Park and the city.

A lavish $82 million penthouse in New York City’s tallest residential building has finally sold after sitting on the market for more than two years — but only after it got a $21 million price chop and was split into two separate units.

The developers split up the 95th floor penthouse at 432 Park Avenue, which includes stunning 360-degree views of Central Park and the city, into two apartments, in December 2018, as Curbed reported.


The floor was then re-listed as two individual three-bedroom condos priced at $41.25 million and $40.75 million. Now, they’re both sold, at $30.7 million and $30.2 million respectively, a representative for the developer told Business Insider. Penthouse 95A was bought at the end of 2018 and 95B is in contract.

The split of the original penthouse and subsequent sales fits into a larger trend of developers chopping up pricey penthouses into smaller, cheaper units in order to get them off the market, Business Insider previously reported. 

Although the two units are called penthouses, they’re not actually on the top floor of 432 Park. That would be the 96th-floor unit, which was sold to the Saudi billionaire Fawaz Alhokair for $87.7 million in 2016. Floors 91 through 96 are referred to as penthouses at 432 Park Ave because their layouts are different from the rest of the building and some are full floors, a representative told Business Insider.

Business Insider obtained photos of the penthouse on the 92nd floor (which has been sold), whose layout is identical to the previously one-unit penthouse on the 95th floor, to offer a peek inside the luxurious penthouse apartments. 

Here’s a look at the 95th-floor penthouse before it was split in half.

SEE ALSO: I visited a micro-hotel in NYC, where a one-night stay costs more than $300, rooms are half the size of the average hotel, and you have to walk through the bathroom to get to the bed — and it felt way more spacious than I ever expected

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The penthouse is on the 95th floor of 432 Park Ave., the controversial skyscraper that holds the title of tallest residential building in New York City, at 1,396 feet.

One World Trade Center in Lower Manhattan remains the tallest building in the city thanks to its spire, but the skyscraper itself is 28 feet shorter than 432 Park Ave.

Source: New York Times

432 Park was completed in 2015 amid criticism from some New Yorkers who felt it looked ugly and out of place in the city skyline.

Source: New York Times

See the rest of the story at Business Insider


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