NYC Park Avenue penthouse can be yours – for $169M


The top floor of the controversial Manhattan supertall known as “432 Park Avenue” hit the market Monday seeking $169 million, earning the rank of Manhattan’s most expensive list.

The six-bedroom, seven-bathroom, two-powder-room penthouse sits on the 96th floor of a “toothpick-like” building that has garnered a reputation for creaking, flooding, and perceived design flaws.

Still, the seller received several offers in the month before listing the 8,255-square-foot property for sale, Ryan Serhunt told The Post. But the offers were clearly not high enough to entice the seller to strike a deal.

“We wanted to maximize value” by bringing it to market, Serhunt said.

According to the listing, the unit with a spacious floor plan has been redone and filled with Fendi, Bentley and Herms furniture, a curated art collection, herringbone white oak floors, high-end finishes, and a library, which is about twice the asking whether the seller paid for it five years ago.

According to property records and reports at the time, Saudi retail and real estate billionaire Fawaz Al Hokair bought the unit in 2016 for $87.7 million.

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Manhattan's Most Expensive Listing $169 M .  falls in

The listing is also Serhunt’s most expensive single listing ever.

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A giant sign commissioned by Fitness Influencer Deborah Capacio shows…


According to property records and reports at the time, Saudi retail and real estate billionaire Fawaz Al Hokair bought the unit in 2016 for $87.7 million.

If it sells for what it’s asking for, the penthouse would be the second most expensive known New York City real estate sale. Hedge-fund manager Ken Griffin bought the most expensive home in the US – a condo at 220 Central Park South – for $238 million in January 2019.

“Records are meant to be broken,” listing broker Serhunt told The Post. The listing is also Serhunt’s most expensive single listing ever.

Manhattan's Most Expensive Listing $169 M .  falls in

Serhant said the library could be used as a seventh bedroom.

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Manhattan's Most Expensive Listing $169 M .  falls in

Incredible details in the library.

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A giant sign commissioned by Fitness Influencer Deborah Capacio shows…


Manhattan's Most Expensive Listing $169 M .  falls in

Serhant told The Post that the six-bedroom, seven-bathroom, two-powder-room home received several offers in a month of off-market promotion.

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There are beautiful views of the city from the house.

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A giant sign commissioned by Fitness Influencer Deborah Capacio shows…


Views from Billionaire's Row: The Top Floor of the 96-Tier Manhattan Supertall Known as the Top Floor
Views from Billionaires Row: The top floor of the 96-level Manhattan supertall known as “432 Park Avenue” hit the market Monday seeking $169 million, earning the rank of Manhattan’s most expensive list.
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There is only one 432 Park Avenue

So what makes this penthouse the best list in Manhattan that deserves its status as the most expensive listing in the Big Apple? Sirhant said that this is the building.

“One can have a big apartment or somewhere there can be a whole floor. But there is only one penthouse at 432 Park Avenue,” said Serhant. “432 Park Avenue is one of the best creations in the world.”

But 432 Park Avenue’s worldwide reputation hasn’t always been positive. Crackers, flooding and alleged design flaws have plagued owners, and the Post previously reported that visitors said they were “vomiting” and “waste”.

“I can’t talk to anyone else,” he told The Post. “It’s a magnificent skyscraper.” No further comments were given.

The units feature solid oak floors, high ceilings, and floor-to-ceiling windows. The kitchen features marble floors and countertops, frameless white-lacquer and oak cabinetry and top-of-the-line found appliances, including a double oven, a double sink, a wine cooler, and double dishwashers. Some even have a built-in espresso maker, According to the 432 Park Avenue website.

The top sale in the building came in 2019 from an anonymous buyer who bought three units on the 92nd and 93rd floors for $91.12 million, as The Post previously reported.

And the building made headlines again when then-couple Jennifer Lopez and Aaron Rodriguez sold their 4,000-square-foot pad in Midtown Tower for $15.75 million in 2019, nearly $2 million under the asking price.

The kitchen features marble floors and countertops, frameless white-lacquer and oak cabinetry, and top-of-the-line found appliances, including a double oven, a double sink, a wine cooler, and double dishwashers.  According to the 432 Park Avenue website, some even have a built-in espresso maker.
The kitchen features marble floors and countertops, frameless white-lacquer and oak cabinetry, and top-of-the-line found appliances, including a double oven, a double sink, a wine cooler, and double dishwashers. According to the 432 Park Avenue website, some even have a built-in espresso maker.
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The breakfast table has panoramic views of the city.
The breakfast table has panoramic views of the city.
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“One can have a big apartment or somewhere there can be a whole floor. But there is only one penthouse at 432 Park Avenue,” said Serhant. “432 Park Avenue is one of the best creations in the world.”
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Will it sell?

Selling this kind of super-expensive real estate can often take years, as evidenced by the likes of the once $39 million regalia penthouse near Miami, now asking for $25.5 million, which has been on the market since 2017 for more is out. And the $70 million Hearst Estate in California, seeking $195 million for the first time, has been on and off the market since 2016.

In addition, New York brokers said the wealthy have run away from the penthouse, The Post previously reported.

“A lot of my clients find the new penthouses to be too high,” Herbert Chow of Christie’s International Real Estate told The Post last year. “The perspective is actually a little better in the 28th to 40th floor range, depending on the neighborhood. From a penthouse, you’re looking down. You’re so far away that you’re disconnected from your surroundings.”

Manhattan's Most Expensive Listing $169 M .  falls in

In his YouTube tour of the property, Serhant jumps in the bathtub.

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Manhattan's Most Expensive Listing $169 M .  falls in

Pictured is one of the home’s luxury bathrooms.

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A giant sign commissioned by Fitness Influencer Deborah Capacio shows…


But as New York City’s real estate market cools, it may be the perfect time to woo wealthy buyers.

The average luxury sale price rose nearly 20% to $7.75 million in the second quarter compared to this winter. After a rocky year due to the pandemic, April, May and June were the third fastest-paced quarter in a decade, According to New York-based brokerage Douglas Elliman.

There were 26 closures in $20 million+ Manhattan homes in the first half of 2021, nearly a third of which were in June alone, According to New York-based brokerage Douglas Elliman.

“It is a very unique time in the world right now. It is unique to real estate, and it is unique to the wealthy. They are looking to diversify their cash and holdings,” Serhant told the Post. Is an incredible investment, whether you use it or not, because it is a hedge against inflation.”

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