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New York’s Priciest Itemizing, As soon as Asking $169M, Returns To Market

admin by admin
July 9, 2022
in Real Estate
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New York's priciest listing, once asking $169M, returns to market
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An 8,255-square-foot penthouse on the 96th flooring of a supertall constructing overlooking Central Park is on the market — once more — this time by a brand new brokerage.

The six-bed, seven-bath penthouse atop 432 Park Ave. in Manhattan is probably going among the many most costly listings in New York Metropolis, in accordance with the New York Submit, and as soon as sought $169 million, or $20,472 per sq. foot.

This time, the brand new dealer is searching for affords, saying his group is in search of a “true collector” to find out the worth of the house.

“Like with something uncommon — take a coveted piece of artwork, for instance — it’s also known as priceless,” Tal Alexander informed The Submit. “The market determines its worth. With a few of these trophy property, the worth can eclipse the story of the providing itself. We need to keep away from that.”

Fawaz Alhokair, a Saudi actual property and retail mogul, purchased the house in 2015 for $87.7 million. He first tried promoting it final 12 months with SERHANT., however was unsuccessful.

Alexander, co-founder of The Alexander Crew, confirmed to Inman that his group was the unique dealer of the house.

The house was delisted six weeks in the past after spending practically a 12 months in the marketplace, in accordance with StreetEasy. The itemizing was beforehand provided by SERHANT., and Ryan Serhant’s tour of the property has attracted tens of millions of views prior to now 12 months.

https://www.youtube.com/watch?v=If1d8w-3fWQ

Heralded as considered one of  the tallest residences in New York Metropolis, the house sits 1,396 toes above Manhattan and is surrounded by 10-foot by 10-foot home windows.

The constructing itself affords a non-public restaurant and lounge, indoor pool, health middle, spa, room service, climate-controlled wine cellars, workplace suites and extra.

This wouldn’t be the most costly penthouse Alexander bought lately. In 2019, his group brokered a $240 million deal for a penthouse at 220 Central Park South.

Electronic mail Taylor Anderson



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