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Penthouse at 432 Park sells for 30% loss
['Jake Indursky']
New York - The Real Deal
Another penthouse at 432 Park Avenue has sold for a sizable resale loss.
A 94th-floor penthouse at Harry Macklowe and CIM Group’s Billionaires’ Row tower sold for $22 million, according to public records.
Last August, another 54th-floor condo, Unit 52C, sold for $14.7 million after the seller had purchased it for $16.4 million in 2016.
A 2025 analysis by The Real Deal found that of the 16 units resold from 2021 to 2025, 10 went for a loss.
Macklowe had purchased the units for $47 million, and they closed earlier this year for $53 million.