8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale
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HOME REAL ESTATE Ryan Serhant gave me a private tour of the most expensive home for sale in America
Natasha Solo-Lyons 13 hours ago
H O M E PAG E Ryan Serhant in the penthouse at 432 Park Ave. Crystal Cox/Business Insider
https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 1/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale Ryan Serhant gazes through an oversize window at million-dollar views — actually, that's $169 million views.
The top real-estate broker and "Million Dollar Listing" star is selling the Saudi tycoon Fawaz Al Hokair's 96th-foor New York City penthouse. The six-bedroom, seven- bathroom spread sits atop 432 Park Ave., a midtown Manhattan skyscraper just blocks
from the Plaza, Bergdorf Goodman, and Bloomingdale's that is the tallest completed residential building in the Western Hemisphere.
The 8,255-square-foot condo — which the retail and property magnate Al Hokair bought for $87.7 million and never lived in — became the most expensive home for sale in the country when it hit the market in July.
"There's no other apartment where I can stand at the dining room table and see Central Park and lower Manhattan at the same time," Serhant told Insider, squinting across the 93-foot dining room, its long table set with Hermès fatware, to views of the Empire State Building. "There's nothing else like it."
The palatial pad isn't the only one with impressive stats. Serhant, 37, has sold over $4 billion worth of real estate. Posting photos of prime properties in New York, Miami, and Los Angeles, he's lured 1 million followers on Instagram and 1.15 million subscribers on YouTube. The energetic entrepreneur launched his own eponymous brokerage frm last year. He titled his most recent book "Big Money Energy: How To Rule at Work, Dominate at Life, and Make Millions."
And make millions he will — if 432 Park' Ave.'s penthouse sells for its stratospheric asking price. (Buyer's and seller's brokers make a standard 3% commission each, paid by the seller.) H O M E PAG E Last week, Serhant took me and the Insider photographer Crystal Cox on a private tour He pointed out the most impressive details of the apartment explained what it https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 2/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale tour. He pointed out the most impressive details of the apartment, explained what it was like to live in the building, and shared some glimpses into his journey to fnd a buyer.
Serhant with the custom-built Blüthner piano in the foyer. Crystal Cox/Business Insider
Friendly staf call a private elevator down to the spacious lobby of 432 Park Ave., which opens onto East 56th Street. The elevator itself has comfortable bench seating and no buttons. It rockets straight up to the 96th foor in less than 90 seconds.
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The piano has a custom nameplate that says "Penthouse 96." Crystal Cox/Business Insider
We stepped out of the elevator onto a private landing, where Serhant, 6-foot-3, opened the penthouse door to 12.5-foot ceilings, views of the city, and a custom-made Blüthner piano. Blüthners can cost hundreds of thousands of dollars, and this one-of- a-kind model is engraved with a brass plate that reads "Penthouse 96."
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An eastern view toward Roosevelt Island and Queens. Crystal Cox/Business Insider
432 Park Ave., designed by the Uruguayan architect Rafael Viñoly, is a perfect square. Twenty-four 10-foot-by-10-foot windows — also square — line the perimeter of the penthouse, six on each side. They frame jaw-dropping views of the city in every direction. Central Park takes pride of place to the north.
VieHwsO ofM CeEntPraAl PGarEk and northern Manhattan. Crystal Cox/Business Insider
Serhant said he had taken about eight prospective buyers to visit the penthouse in the https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 5/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale Serhant said he had taken about eight prospective buyers to visit the penthouse in the past month. Every visitor, he added, has a visible reaction to the views.
The dining room. Crystal Cox/Business Insider
Ultrawealthy families and billionaires have discovered the property through his TikTok videos, Serhant told me, and requested showings. "They're not on StreetEasy," Serhant said, referring to New York's most popular property-listings website, which is owned by Zillow.
They'll ft right in: 432 Park Ave. has been a residence of choice for billionaires, business moguls, and celebrities, from the actress Jennifer Lopez to Douglas Elliman Chairman Howard Lorber — and many more. H O M E PAG E
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Inside one of the apartment's seven bathrooms. Crystal Cox/Business Insider
The most impressive vista just might be from the freestanding tub in one of the apartment's seven bathrooms. It's possible to see all of Central Park, uptown Manhattan, and beyond while taking a soak.
Serhant has enjoyed the bathtub himself in at least one video — reclining against its cool marble while sporting a Tom Ford suit.
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To the west are the skyscrapers of 57th Street and Central Park South, dubbed Billionaires' Row. Crystal Cox/Business Insider
The interiors, by the Los Angeles designer Andrew Cohen, are lined with Bentley, Hermès, and Fendi furniture throughout — all included with the apartment.
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The living room. Crystal Cox/Business Insider
So much sunlight foods the apartment that Serhant said he rarely needed to turn on lights during showings.
The library. Crystal Cox/Business Insider
Move too quickly and you'll miss the Chanel cofee-table books stacked on the shelves of the library, the only dark space in the entire unit.
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The dining room is 93 feet long. Crystal Cox/Business Insider
Herringbone white-oak foors brighten the entire apartment.
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The dining table is set with Hermès glassware. Crystal Cox/Business Insider
Sure, the dining room seats 14 easily, but all 432 Park Ave. condo owners have access to the building's 30,000 square feet of shared amenities, which include a lounge, a
gym, an indoor pool, and a sauna. There's also a private restaurant, helmed by the Michelin-starred chef Shaun Hergatt, where residents must spend $15,000 a year.
The living room. Crystal Cox/Business Insider
SeHrhOanMt sEaPidA pGeEnthouse dwellers were the frst to know the weather, as they can watch the clouds roll in from the south. https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 11/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale
432 Park Ave. is 1,396 feet tall and will be the highest residential building in New York City until the 1,550-foot-tall Central Park Tower is fnished later this year.
The kitchen. Crystal Cox/Business Insider
Inside the eat-in kitchen are Dornbracht fxtures, Miele appliances, and marble countertops.
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The penthouse features designer furniture from brands like Louis Vuitton. Crystal Cox/Business Insider
Touring it myself, I can attest to the luxuriousness of the apartment's layout and fnishes. Designer labels adorn most corners, like the Louis Vuitton throw on this armchair.
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Serhant and I sat on the window seat in one of the apartment's six bedrooms, a hazy panorama of Midtown Manhattan behind us. Crystal Cox/Insider
The cityscape looms so large that it's easy to miss the carefully curated art.
In the corner of the library, for example, there's is a multimillion-dollar Popeye sculpture by the famed artist Jef Koons.
A hallway looks into the library, where there's a Popeye sculpture by Jeff Koons. Crystal Cox/Business Insider
Despite being so far above the city, the place feels like a home.
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The eat-in kitchen. with top-shelf appliances. Crystal Cox/Business Insider
Even after a decade buying and selling some of the country's priciest properties on behalf of clients, Serhant said he was still wowed by the penthouse. "It's six-star living," he said.
It helps that a full-time concierge helps residents with everything from making dinner reservations to ordering a custom piano like the Blüthner.
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Serhant next to the custom piano. Crystal Cox/Business Insider
Despite its price tag, Serhant thinks a buyer for the one-of-a-kind condo is out there, whether they're an international billionaire or New York fnancier. After all, the New York luxury market is on fre, with sales above the $5 million mark rising by a whopping 168.4% in the second quarter, according to Douglas Elliman.
If Serhant can sell this apartment for $169 million, it would be the second most expensive property ever sold in New York City, behind the hedge-fund billionaire Ken Grifn's $238 million purchase in the same midtown neighborhood in 2019. But the task is not out of reach — billionaires are buying in New York, with units in buildings like the nearby 220 Central Park South selling for comparable costs, one to billionaire Joe Tsai for $157.5 million.
"We're just the most expensive one on the market right now," Serhant said.
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