432 Park Avenue

The 96-story luxury condominium tower at 432 Park Avenue was completed in December 2015. The condo is currently the tallest residential tower in the world, and the second-tallest building in New York City surpassed only by the One World Trade Center. Developed by CIM Group and Macklowe Properties and designed by renowned ‘starchitect’ Rafael Viñoly, the tower features 125 luxury condominiums and is home to an eclectic mix of local and foreign homeowners. Located in the upscale area of Midtown known as Billionaires’ Row overlooking Central Park, 432 Park Avenue lies on the site of the former Drake Hotel, which was purchased by Harry Macklowe in 2006. It is the epitome of luxury living in Manhattan and offers residents a plethora of high-end amenities and finishes, as well as exquisite views of the NYC skyline, the Hudson River, and even the Atlantic Ocean. The tower also offers convenient access to various public transportation options, including the N, R, 4, 5, 6, W, E, and M lines via the nearby Lexington Avenue-59th Street and 5th Avenue stations. How much does it cost to live at 432 Park Avenue? The luxury tower bounded by East 56th Street, Madison Avenue, East 57th Street, and Park Avenue is one of the most expensive residential buildings in Manhattan. Its excellent location and top-notch amenity package have attracted many high-profile homebuyers since construction began in 2011. The 96th-floor penthouse was purchased by Saudi billionaire Fawaz Alhokair in 2016 for $87.7 million, while the 95th-floor unit was split into two and sold in February 2019 for $30.7 million and $30.2 million, respectively. Notable residents at 432 Park Avenue include Alex von Furstenberg, the son of fashion designer Diane von Furstenberg, who bought the 53rd-floor unit for $10.75 million, and Caryl Englander, wife of hedge fund billionaire Israel Englanger, who purchased two penthouses on the 91st floor for $60.08 million. Singer Jennifer Lopez and husband Alex Rodriguez also used to call 432 Park home, having bought a $15.31 million, 36th-floor condo in 2018. The celebrity couple sold their unit just one year later, as they needed more space to accommodate their growing family.