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Mark Smith Leases Condo At 432 Park Avenue To John Maple For $77,500 Monthly

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LEASED
$77,500

New York

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Condo4,462 SF
Leased 10/15/2025
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Property Image
LEASED

Mark Smith Leases Condo At 432 Park Avenue To John Maple For $77,500 Monthly

432 Park Avenue

See Similar Deals
Condo4,462 SF
Leased 10/15/2025
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$77,500
Total Square Footage:4,462 SF
Transaction Type:Lease

This transaction involves a condo located at 432 Park Avenue in Midtown Manhattan. The property has a square footage of 4,462 and the asking rent was set at $208 per square foot, resulting in a monthly rent of $77,500. The lease type is categorized as a Single Net Lease.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $77,500
  • Address: 432 Park Avenue
  • Market: Midtown Manhattan
  • Landlord: Mark Smith
  • Tenant: John Maple
  • Landlord's Representative: Michael Lorber & Alexander Boriskin - Douglas Elliman
  • Asking Rent: $208/ft
  • Square Footage: 4,462
  • Lease Type: Single Net Lease

The deal was represented by Michael Lorber and Alexander Boriskin, who are recognized as Douglas Elliman's Large Team in NYC for 2024. They specialize in luxury rentals and sales. Notably, this lease has set a new record for the building.

Players

Michael Lorber
38 deals$262.5M volume
BROKER

Alexander Boriskin
Douglas Elliman
37 deals$242M volume
BROKER

Details

LEASED
IMAGE: Michael Lorber & Alexander Boriskin DATE: 10/15/2025 ADDRESS: 432 Park Avenue MARKET: Midtown Manhattan ASSET TYPE: Condo LANDLORD: Mark Smith TENANT: John Maple LANDLORD'S REP: Michael Lorber (@MichaelLorber) & Alexander Boriskin (@AlexanderBoriskin) - Douglas Elliman (@DouglasElliman) ASKING RENT: $208/ft ~ SF: 4,462 MONTHLY RENT: $77,500 LEASE TYPE: Single Net Lease NOTE FROM LANDLORD'S REP: This lease set a new record for the building. The listing agents, ranked as Douglas Elliman’s Large Team in NYC for 2024, specialize in both luxury rentals and sales. For inquiries about renting, selling, or purchasing, contact [email protected].

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Deal Type
Effective Rent (Annual)

$396,426,678.53

Total Lease Value

$3,964,266,785.30

Net Landlord Cash Flow$396,426,678.53