Answer: $85 million.
That’s the asking price for the six-bedroom, 8,255-square-foot penthouse at 432 Park Ave., set to be the city’s tallest residential tower. The project’s 122 units — including office suites, staff rooms and wine cellars — have a total asking price of $2.43 billion, a record for a Manhattan condo, the Wall Street Journal reports.
The high-flying penthouse on the 95th floor (technically the 78th, since the building skips some numbers) will be 1,302 feet above the street entrance, according to the Council on Tall Buildings and Urban Habitats. For comparison, the Empire State Building is 1,250 feet tall, not including its antenna. When 432 Park Ave. is completed in 2015, it will measure 1,397 feet.
All units at the Rafael Viñoly-designed spire will have 12.5-foot-tall ceilings and large picture windows. Apartments will be priced at an average of $5,941 a square foot. Since the sales plan was approved in July by the state Attorney General’s office, developers Harry Macklowe and CIM Group have nudged prices up twice, the Wall Street Journal reports. There will be a courtyard with a circular drive, a garden, a restaurant and a private club with a residents-only pool, according to condo records.
Prudential Douglas Elliman chairman Howard Lorber, whose firm is a marketing consultant on the project, told the Wall Street Journal he was so impressed with the building that he planned to purchase a 4,000-square-foot half-floor apartment. “I liked it so much that I am buying one myself.”
A select group of real-estate brokers have already been briefed on the development, and a show room is scheduled to open before the end of the year. We’re giddy with anticipation — or maybe it’s just vertigo.