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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (2572)	11/5/2016 9:59:57 PM
From: John Vosilla	Respond to of 2722

432 Park Avenue reveals a 95th-floor, $82M penthouse If sold for its asking price, this would be the second priciest sale within the supertall BY AMEENA WALKER OCT 20, 2016, 9:15AM EDT All renderings by DBOX for CIM/Macklowe Properties Just when you think there can't possibly be any more ridiculously huge (and pricey) apartments left within 432 Park Avenue, the marketing team goes and unveils a new full-floor, $82 million penthouse. This particular penthouse, on the building's 95th floor, is not only the highest apartment to be listed to date, but it's also one of the only full-floor units remaining in the Rafael Viñoly-designed supertall. (Unsurprisingly, the floorplan is bonkers.) The apartment covers 8,255 square feet, with six bedrooms, seven bathrooms (including "his" and "hers" master bathrooms), 12-foot ceilings, a wood-burning fireplace, two powder rooms, a large library, and room for a grand piano, if the drawing for the floorplan is to be believed. The apartment is accessed from a private elevator (of course); the kitchen and bathrooms are fully dressed in marble, custom cabinetry, and chrome fixtures with oak floors traveling throughout the apartment. It also has access to the building's ridiculous amenities, of course. It was just a month ago that 432 Park Avenue recorded its priciest sale, an $87.7 million penthouse acquired by Saudi Arabian billionaire Fawaz Al Hokair. If this place finds a buyer for its full $82 million ask, it'd become the second-priciest recorded sale in the building—but let's not count those chickens before they've hatched. http://ny.curbed.com/2016/10/20/13340322/432-park-avenue-penthouse-for-sale $82M divided by 8255 sf equals only $9933 psf