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Two Penthouses at Manhattan’s 432 Park Avenue Sell for $60M

The buyer now owns a full floor at the luxury tower

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432 Park Avenue

Yana Paskova For The Washington Post/Getty Images
432 Park Avenue
Yana Paskova For The Washington Post/Getty Images

The big-ticket sales at 432 Park Avenue in Manhattan just keep rolling in.

The two penthouses that Mansion Global previously reported had gone into contract were sold for a combined $60.08 million, according to city records filed Friday, as the luxury condo building ended 2017 buzzing with activity.

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The two units on the 91st floor were bought by 432 East Residence Trust, property records dated Dec. 29 show.

Both apartments span almost 4,000 square feet and have three bedrooms each, according to the listings.

The 91st-floor spread was originally touted as a full-floor unit, but was one of five penthouses that developers Macklowe Properties and CIM Group decided to split in late 2015, according to The Real Deal, which first reported the sale price. The pair of apartments were last asking a combined $80 million, listing records show.

The sale comes on the back of the $91.12 million sale of a trio of units that sold at the building on Dec. 18. The three apartments—spread across the 92nd floor and part of the 93rd floor—logged Manhattan’s most expensive sale of the year.

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Including this deal, there were 21 transactions at the building in 2017, for a total sales volume of $583.42 million, StreetEasy data shows. Five of those transactions, equating to eight units and nearly 24% of sales, happened in December alone for a sales volume of $195.13 million.

The listings are held by Douglas Elliman’s Richard Steinberg, Sabrina Saltiel, Shari Scharfer-Rollins and J. Roger Erickson. Mr. Steinberg declined to comment on the transaction. Ms. Saltiel, Ms. Scharfer-Rollins and Mr. Erickson did not immediately respond to requests for comment.