432 Park Avenue Location: 432 Park Avenue, New York, Ny, Us Prices From: $ 16,950,000 1 432 Park Avenue

Total Page:16

File Type:pdf, Size:1020Kb

432 Park Avenue Location: 432 Park Avenue, New York, Ny, Us Prices From: $ 16,950,000 1 432 Park Avenue 432 PARK AVENUE LOCATION: 432 PARK AVENUE, NEW YORK, NY, US PRICES FROM: $ 16,950,000 1 432 PARK AVENUE Located on Park Avenue between 56th and 57th Streets, 432 Park Avenue is the tallest residential building in the Western Hemisphere, at 1,396 feet in elevation. All windows measure an expansive 10 feet by 10 feet, flooding residences with abundant natural light and spectacular views of Central Park, the Hudson and East Rivers, Atlantic Ocean and many iconic Manhattan buildings and avenues. Designed by Rafael Viñoly, with interiors by Deborah Berke Partners, the residences at 432 Park Avenue epitomize elegance and sophistication. Interior finishes include solid oak flooring, custom hardware and the highest quality natural materials. Generously proportioned master bedroom suites feature two bathrooms with adjoining dressing rooms. Windowed kitchens feature white lacquer and natural oak cabinetry, Miele integrated appliances, Dornbracht fixtures, marble countertops and floors, as well as windowed marble breakfast bars. The residences are complemented by over 30,000 square feet of amenities staffed by a handpicked team of professionals providing highly personalized and exacting service to each resident. Two extraordinary new Penthouse model residences are now available for viewing. 2 ESTIMATED COMPLETION Immediate Occupancy AMENITIES Restaurant overseen by 5,000 SF Outdoor Terrace Michelin-starred chef Shaun Fitness Center Designed and Hergatt Serviced by The Wright Fit 75-ft Lap Pool Relaxation Suite featuring Sauna, Steam, and Message Therapy Rooms Screening Room Conference Room Billiards Room and Library Lounge Full time Concierge 24-Hour Doorman Private Driveway and Porte- Valet Parking Cochere DEPOSIT STRUCTURE 15% due at contract 85% balance due at closing 3 4 5 6 ABOUT ME Richard L. Jordan is the Senior Vice President and Head of Global Markets for Douglas Elliman Real Estate, New York’s number one real estate firm in sales volume, and ranked second in the United States. A global new development and luxury homes specialist, Richard sold property valued at more than $1 Billion on three continents before the age of 30, placing him in an elite category among the world’s premier real estate experts. This unique competitive advantage coupled with Richard’s breadth of international sales experience RICHARD L. JORDAN positioned him well in 2013 to step into a newly created [email protected] role within Douglas Elliman Development Marketing, managing 712, Fifth Avenue the largest global property network in the world, Douglas New York, NY 10019 Elliman | Knight Frank Residential. O: +1 917-254-5969 C: +1 305-240-3834 The exclusive global real estate alliance between powerhouses Douglas Elliman and Knight Frank Residential, License # 40JO1169540 represents the world’s largest interconnected network of real estate professionals and resources, with 520 offices https://folio.elliman.com/richardjordan spanning 60 countries across 6 continents and more than 21,000 property professionals. Traveling throughout key global economic markets, including London, Hong Kong, Seoul, Singapore, Taipei, Shanghai, Beijing, Moscow, and the UAE Richard educates leading brokers, advisors and discerning buyers on emerging market trends, international buying processes, and market opportunities within DEKF Residential new development portfolio, representing a combined $87 billion in property. Disclaimer: ©2021 Douglas Elliman Real Estate, All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to, square footage, room count, number of bedrooms, and the school district in property listings are deemed reliable but should be verified by your own attorney, architect, or zoning expert. Equal Housing Opportunity. FOLIO is published by PROXIO for DOUGLAS ELLIMAN REAL ESTATE © 2021 all rights reserved.
Recommended publications
  • One West End, 432 Park Avenue, and One57 Are the Top-Selling Condo Buildings in New York City So Far This Year, According to Research from Cityrealty
    By CityRealty Staff Friday, July 13, 2018 L to R: One West End, 432 Park Avenue, One57 One West End, 432 Park Avenue, and One57 are the top-selling condo buildings in New York City so far this year, according to research from CityRealty. Closings in the three buildings together have accounted for more than half a billion dollars in sales. Recorded sales in One West End so far this year have totaled $207 million over 57 units. The average sales price in the building this year is $3.6 million, and the average price/ft2 is $2,064. The Elad Group and Silverstein Properties-developed building, where closings started last year, is approaching sell-out status, with 193 of the 246 units having closed already, including one four-bedroom now belonging to Bruce Willis and his wife Emma Heming Willis. // One West End interiors (DBOX / Pelli Clarke Pelli Architects) https://www.cityrealty.com/nyc/market-insight/features/get-to-know/2018039s-top-selling-condos-so-far-one-west- end-beats-432-park-avenue/19263 Even though there have only been 8 closings recorded so far this year in 432 Park Avenue, the world's tallest residential building is the second-highest selling building of 2018 so far, with $185 million in sales. The average price of the closed sales in 432 Park this year is $23.1 million, while the average price/ft2 is $6,509. J.Lo & A-Rod's new condo (Douglas Elliman) In February, developers CIM Group and Macklowe Properties announced that the Billionaire's Row supertall is the single best-selling building in New York City, with $2 billion under its belt at the time.
    [Show full text]
  • New York Ny Midtown East
    MIDTOWN EAST NEW YORK NY 60 EAST 56TH STREET CONCEPTUAL RENDERING SPACE DETAILS LOCATION GROUND FLOOR South block between Park and Madison Avenues APPROXIMATE SIZE Ground Floor 2,595 SF FRONTAGE 30 FT on East 56th Street POSSESSION Immediate SITE STATUS Currently Così NEIGHBORS Chop’t Creative Salad Co., Roast Kitchen, TD Bank, The Walking Company, Robert Marc, First Republic Bank, Lacoste, Breitling, Victoria’s Secret, Windsor Jewelers, 2,595 SF Jacob & Co., Chase Bank, IBM, Alfred Dunhill, BLT Steak, Bomber Ski, Wells Fargo, Giorgio Armani, Dolce & Gabbana, Omega, Breguet, Gucci, Tiffany & Co., Bonhams, Tourneau, Niketown, Pret a Manger, Papyrus, Allen Edmonds, Roger Dubuis, and Oscar Blandi COMMENTS High traffic commercial area with luxury retail, high-end residential and office populations Surrounded by 33,683,250 SF of office space within a quarter mile radius Across from 432 Park Avenue with 104 luxury condominion units 30 FT EAST 56TH STREET MIDTOWN47th - 60th Street, Second - Fifth Avenue NEW YORK | NY 02.13.201New9 York, NY October 2017 EAST 47TH-EAST 60TH STREET, THIRD-FIFTH AVENUE EAST 60TH STREET EAST 60TH STREET Avra Rotisserie Le Bilboquet Canaletto Lerebours ALT Box Gerorgette Antiques Cinemas 1, 2 & 3 Savoir Manhattan à McKinnon Beds Cabinetry Renny & Reed and Harris The Rug Company Delmonico Gourmet Mastour Janus George N Food Market Carpet et Cie Antiques EAST 59TH STREET EAST 59TH STREET Argosy N Michael Book Store Dawkins D&D R Antiques W Samuel & Sons AREA RETAIL Evolve Foundry Illume EAST 58TH STREET EAST 58TH STREET
    [Show full text]
  • Leseprobe 9783791384900.Pdf
    NYC Walks — Guide to New Architecture JOHN HILL PHOTOGRAPHY BY PAVEL BENDOV Prestel Munich — London — New York BRONX 7 Columbia University and Barnard College 6 Columbus Circle QUEENS to Lincoln Center 5 57th Street, 10 River to River East River MANHATTAN by Ferry 3 High Line and Its Environs 4 Bowery Changing 2 West Side Living 8 Brooklyn 9 1 Bridge Park Car-free G Train Tour Lower Manhattan of Brooklyn BROOKLYN Contents 16 Introduction 21 1. Car-free Lower Manhattan 49 2. West Side Living 69 3. High Line and Its Environs 91 4. Bowery Changing 109 5. 57th Street, River to River QUEENS 125 6. Columbus Circle to Lincoln Center 143 7. Columbia University and Barnard College 161 8. Brooklyn Bridge Park 177 9. G Train Tour of Brooklyn 195 10. East River by Ferry 211 20 More Places to See 217 Acknowledgments BROOKLYN 2 West Side Living 2.75 MILES / 4.4 KM This tour starts at the southwest corner of Leonard and Church Streets in Tribeca and ends in the West Village overlooking a remnant of the elevated railway that was transformed into the High Line. Early last century, industrial piers stretched up the Hudson River from the Battery to the Upper West Side. Most respectable New Yorkers shied away from the working waterfront and therefore lived toward the middle of the island. But in today’s postindustrial Manhattan, the West Side is a highly desirable—and expensive— place, home to residential developments catering to the well-to-do who want to live close to the waterfront and its now recreational piers.
    [Show full text]
  • True to the City's Teeming Nature, a New Breed of Multi-Family High Rises
    BY MEI ANNE FOO MAY 14, 2016 True to the city’s teeming nature, a new breed of multi-family high rises is fast cropping up around New York – changing the face of this famous urban jungle forever. New York will always be known as the land of many towers. From early iconic Art Deco splendours such as the Empire State Building and the Chrysler Building, to the newest symbol of resilience found in the One World Trade Center, there is no other city that can top the Big Apple’s supreme skyline. Except itself. Tall projects have been proposed and built in sizeable numbers over recent years. The unprecedented boom has been mostly marked by a rise in tall luxury residential constructions, where prior to the completion of One57 in 2014, there were less than a handful of super-tall skyscrapers in New York. Now, there are four being developed along the same street as One57 alone. Billionaire.com picks the city’s most outstanding multi-family high rises on the concrete horizon. 111 Murray Street This luxury residential tower developed by Fisher Brothers and Witkoff will soon soar some 800ft above Manhattan’s Tribeca neighborhood. Renderings of the condominium showcase a curved rectangular silhouette that looks almost round, slightly unfolding at the highest floors like a flared glass. The modern design is from Kohn Pedersen Fox. An A-team of visionaries has also been roped in for the project, including David Mann for it residence interiors; David Rockwell for amenities and public spaces and Edmund Hollander for landscape architecture.
    [Show full text]
  • Analysis of Technical Problems in Modern Super-Slim High-Rise Residential Buildings
    Budownictwo i Architektura 20(1) 2021, 83-116 DOI: 10.35784/bud-arch.2141 Received: 09.07.2020; Revised: 19.11.2020; Accepted: 15.12.2020; Avaliable online: 09.02.2020 © 2020 Budownictwo i Architektura Orginal Article This is an open-access article distributed under the terms of the CC-BY-SA 4.0 Analysis of technical problems in modern super-slim high-rise residential buildings Jerzy Szołomicki1, Hanna Golasz-Szołomicka2 1 Faculty of Civil Engineering; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego st., 50-370 Wrocław; Poland, [email protected] 0000-0002-1339-4470 2 Faculty of Architecture; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego St., 50-370 Wrocław; Poland [email protected] 0000-0002-1125-6162 Abstract: The purpose of this paper is to present a new skyscraper typology which has developed over the recent years – super-tall and slender, needle-like residential towers. This trend appeared on the construction market along with the progress of advanced struc- tural solutions and the high demand for luxury apartments with spectacular views. Two types of constructions can be distinguished within this typology: ultra-luxury super-slim towers with the exclusivity of one or two apartments per floor (e.g. located in Manhattan, New York) and other slender high-rise towers, built in Dubai, Abu Dhabi, Hong Kong, Bangkok, and Melbourne, among others, which have multiple apartments on each floor. This paper presents a survey of selected slender high-rise buildings, where structural improvements in tall buildings developed over the recent decade are considered from the architectural and structural view.
    [Show full text]
  • Statement on the Suspension of Hud Funding To
    Position Statement on VANDERBILT CORRIDOR REZONING The NY Metro Chapter of the American Planning Association is a professional, educational, and advocacy organization representing over 1,300 practicing planners and policy makers in New York City and its surrounding suburbs. We are part of a national association with a membership of 41,000 professionals and students who are engaged in programs and projects related to the physical, social and economic environment. In our role as a professional advocacy organization, we offer insights and recommendations on policy matters affecting issues such as housing, transportation and the environment. Of particular interest to the Chapter is a pending zoning proposal known as the "Vanderbilt Corridor", encompassing the five blocks bounded by Madison Avenue, 47th Street, Vanderbilt Avenue and 42nd Street. At the south end would be One Vanderbilt, a 1514-foot tall, 67-story office tower designed by Kohn Pedersen Fox. BACKGROUND In 2013, the Chapter issued a position statement raising concerns about the rezoning proposal for a larger area known as Midtown East, which included the Vanderbilt Corridor. At the time, we questioned the scale and scope of the proposal, ultimately concluding that it was too large, did not seem to fulfil a pressing need and would actually compete with other existing economic development goals. The current proposal is significantly reduced in scale and scope, but may be a precursor to a larger rezoning initiative. Specific elements of the current proposal include the following:
    [Show full text]
  • New York: the Ultimate Skyscraper Laboratory
    Tall Building Locations in New York City Tall Buildings in Numbers The recent skyscraper boom has been characterized by an increase in luxury residential construction, an increase in slenderness aspect ratios, and substantial construction in new locations away from Lower and Midtown Manhattan, in areas once considered “fringe,” such as Brooklyn, Queens and Jersey City. The research below examines the function and location of tall New York: The Ultimate Skyscraper Laboratory buildings over 100 meters, recently completed or under construction,3 in the New York City region4, with supertall buildings represented by larger dots. When construction of 111 West 3 4 57th Street (438 m) completes A timeline of skyscraper completions in New York uncannily Study of 100 m+ buildings in the New York City regionQueens – 20 in 2018, it will challenge the (2%) resembles the boom and bust cycles of the United States in QueensJersey – 20 City – 21 VIA 57 WEST (142 m), planned boundaries of engineering with Jersey City – 21 (2%) (3%) Bronx – 10 for completion in 2015, is a a width-to-height ratio of almost Upon completion in the 20th and early 21st centuries. The most active year was Hotel – 52 Other – 8 (3%) Brooklyn – 33 Bronx – 10 (1%) housing project designed as a 1:25, using 15,000 PSI concrete 2015, 432 Park Avenue hybrid between the European (426 m) will become the Hotel – 52 (6%)Other – 8 (1%) Brooklyn – 33 (4%) (1%) and a pendulum damper to 1931, when the fi nal excesses of the Roaring ‘20s were thrown perimeter block and a world’s tallest residential (6%) (1%) (4%) achieve this feat.
    [Show full text]
  • 2019 Non Filers Manhattan
    This list consists of income-producing properties in Manhattan that the Department of Finance has identified as of 7/1/20 as having failed to submit a properly completed Real Property Income and Expense statement for 2019 as required by City regulations. Tax Bldg. RPIE Borough Block Lot Address ZIP Code Final FY19/20 AV Class Class Year Status Manhattan 10 19 25 BRIDGE STREET 10004 $ 749,700 K2 4 2019 NonFiler Manhattan 11 15 70 BROAD STREET 10004 $ 4,859,100 O8 4 2019 NonFiler Manhattan 17 1213 50 WEST STREET 10006 $ 70,450 RB 4 2019 NonFiler Manhattan 17 1214 50 WEST STREET 10006 $ 59,550 RB 4 2019 NonFiler Manhattan 17 1215 50 WEST STREET 10006 $ 77,908 RB 4 2019 NonFiler Manhattan 24 1168 40 BROAD STREET 10004 $ 627,373 RB 4 2019 NonFiler Manhattan 24 1172 40 BROAD STREET 10004 $ 498,946 RB 4 2019 NonFiler Manhattan 25 1002 25 BROAD STREET 10004 $ 386,480 RK 4 2019 NonFiler Manhattan 25 1003 25 BROAD STREET 10004 $ 532,444 RK 4 2019 NonFiler Manhattan 29 1 85 BROAD STREET 10004 $ 98,500,050 O4 4 2019 NonFiler Manhattan 29 1301 54 STONE STREET 10004 $ 47,366 R8 2C 2019 NonFiler Manhattan 33 1001 99 WALL STREET 10005 $ 1,059,455 RK 4 2019 NonFiler Manhattan 33 1003 99 WALL STREET 10005 $ 64,346 RK 4 2019 NonFiler Manhattan 37 13 129 FRONT STREET 10005 $ 3,574,800 H3 4 2019 NonFiler Manhattan 40 1001 73 PINE STREET 10005 $ 5,371,786 RB 4 2019 NonFiler Manhattan 40 1002 72 WALL STREET 10005 $ 14,747,264 RB 4 2019 NonFiler Manhattan 41 15 60 PINE STREET 10005 $ 3,602,700 H5 4 2019 NonFiler Manhattan 41 1001 50 PINE STREET 10005 $ 233,177
    [Show full text]
  • CITYREALTY NEW DEVELOPMENT REPORT MANHATTAN NEW DEVELOPMENT REPORT May 2015 Summary
    MAY 2015 MANHATTAN NEW DEVELOPMENT REPORT CITYREALTY NEW DEVELOPMENT REPORT MANHATTAN NEW DEVELOPMENT REPORT May 2015 Summary Apartment prices in new development condominiums in Manhattan have increased at a fast clip, a trend boosted by the upper end of the market. Sales of new condominium units included in this report are expected to aggregate between $27.6 and $33.6 billion in sales through 2019. The average price of these new development units is expected to reach a record of $5.9 million per unit in 2015. At the same time, far fewer units are being built than during the last development boom, in the mid-2000s, therefore the number of closed sales is expected to increase more modestly than their prices. 2013 2014 2015-2019* TOTAL NEW DEVELOPMENT SALES $2.7B $4.1B $27.6B-$33.6B+ Pricing information for the 4,881 new development units covered in this report comes from active and in-contract listings, offering plans, and projections based on listing prices. For a complete list of buildings included in this report, see pages 5-6 (New Developments by Building Detail). Ultimately, sales of these apartments will total roughly $27.6 to $33.6 billion through 2019. Sales in new developments totaled $4.1 billion in 2014, up 50 percent from 2013. The 2013 total, $2.7 billion, also represented a significant increase from the $1.9 billion recorded in 2012. While total sales volume has increased in recent years, it is still substantially less than at the height of the market, in 2008, when new development sales totaled $10.4 billion.
    [Show full text]
  • Skyline 2014
    skyline REAL ESTATE YEAR-IN-REVIEW 2014 PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP © 2015 Paul, Weiss, Rifkind, Wharton & Garrison LLP In some jurisdictions, this brochure may be considered attorney advertising. Past representations are no guarantee of future outcomes. SKYLINE REAL ESTATE YEAR-IN-REVIEW 2014 Friends, Clients, Colleagues, We are extraordinarily grateful to have had the privilege of working with some of the nation’s top residential and commercial developers and owners, as well as government entities and non-profit institutions, entrepreneurs and investors in their most important transactions this past year – and what a year it has been! New York is the city of dreams, and our clients are in the business of turning dreams into reality, breaking new ground last year on unprecedented development projects and residential, commercial and retail construction that will transform the neighborhoods and skyline of the City. Abundant investment capital and funding combined with low interest rates and a safe haven for foreign capital are fueling investor demand for New York real estate. The bustling activity in the City’s office, residential and hospitality sectors attracts people from all over the world to live, invest and visit. This is an extraordinary time – and we look forward to helping our clients take advantage of emerging opportunities in the coming years. Steven Simkin Chair of the Paul, Weiss Real Estate Department contents Development 2 Sales, Acquisitions & Joint Ventures 8 Hospitality & Gaming 14 Financing 18 Leasing & Ground Leasing 20 Kohn Pedersen Fox development New Office Tower Planned in Midtown Manhattan We represent the Metropolitan Transportation Authority in the pre-development aspects for a new office tower known as One Vanderbilt, to be constructed by Hines and SL Green at 42nd Street and Vanderbilt Avenues subject to favorable zoning and land use review.
    [Show full text]
  • Ryan Serhant Gave Me a Private Tour of the Most Expensive Home for Sale in America
    8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale US MARKETS CLOSED In the news Dow Jones Nasdaq S&P 500 TSLA FB BABA -0.92% +0.13% -0.46% +0.01% +2.15% +1.63% 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-oor 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 atware, to views of the Empire State Building.
    [Show full text]
  • Sept. 14, 2015 the REAL DEAL 425 Park Avenue Sees Record $300
    September 14, 2015 http://therealdeal.com/blog/2015/09/14/425-park-sees-record-300-per-square-foot-rent-deal/ 425 Park Avenue sees record $300-per-square-foot rent deal By Christopher Cameron Hedge fund Citadel has agreed to pay $300 per square foot for the penthouse portion of its new 200,000-square- foot space at L&L Holding’s 425 Park Avenue, breaking a city record and renewing hopes among developers that office prices will continue to soar well into the triple digits. Citadel will take a total of 200,000 square feet, though it is unclear what it will pay for the non-penthouse portion, Crain’s reported. Rent in a typical Class A Midtown office building averages about $80 per square foot, and only three other buildings have ever rented for more than $200 per foot: 9 West 57th Street, the General Motors Building and 667 Madison Avenue. Rendering of 425 Park Avenue (credit: Foster + Partners) Citadel, whose founder Ken Griffin has been the rumored buyer of a $200 million-plus penthouse at 220 Central Park South, was mulling the decision to become the anchor tenant of the L&L Holding Company, GreenOak Real Estate and Tokyu Land Corp. project for some time, according to Crain’s. Other landlords are already attempting to break the $200 per square foot barrier. The Time Warner Center, Park Avenue Tower, 1 Vanderbilt, 860 Washington Street and an office cube at the foot of 432 Park Avenue are all asking about $200 per square foot. “It makes logical sense that if the bar for the top of the market has been raised, more buildings can achieve rents at the previous high point,” said Stuart Romanoff, whose firm, Romanoff Equities, is building 860 Washington Street in partnership with Property Group Partners.
    [Show full text]