The owner of a 4,019-square-foot pad in 432 Park Avenue is trying to make a quick profit by flipping it less than a year after buying it.
The apartment was relisted Wednesday for $30.9 million. The buyer, shielded under Helix Park Avenue LLC, closed the deal for the apartment for $27.1 million last September after entering into contract in July 2015, according to public records.
If it sells at the asking price, the owner would make a profit of roughly$3.8 million. An attorney representing the limited liability company declined to comment on the sale.
Per the listing with Compass, the 68th-floor residence has three bedrooms, four-and-a-half bathrooms and a library. The living and dining rooms overlook Central Park and the George Washington and RFK bridges. A chef’s kitchen is equipped with Miele appliances and marble countertops. Throughout the home, there are altogether 12 large square windows and eight closets.
“This apartment is at the perfect height in the building with exceptional views of Central Park, both rivers, and the city skyline,” said listing agent Kyle Blackmon.
The apartment is one of the several resale units that have come onto the market this year at 432 Park Avenue, the tallest residential tower on Manhattan’s so-called Billionaires’ Row.
|Resales at 432 Park Avenue|
|Unit||Previous Sale||Resale Price||Price Increase||% Increase|
|*65B dropped price to $29.5 million in June
Data on StreetEasy show that an apartment on 50th Floor was relisted in May for $24.80 million, after it was closed for $18.93 million early last year. Prior to that, two apartments on the 65th floor came back on the market. Unit 65A was relisted for $29.75 million in March after closing for $27.04 million last June, while 65B was put on the market for $32.5 million in April by the owner who purchased it in March 2016 for $25.6 million.
So far this year, five apartments in the 125-unit luxury residential tower have hit the resale market, according to StreetEasy. Out of 20 units currently listed, six are for resales.
A spokesman for the building declined to comment.
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