432 Park Avenue Condo Sold For $59.1M In Midtown Manhattan
432 Park Avenue
$59,100,000
$7,387/SF
Building Size
8,000 SF
Asset Type
Condo
Closing
Oct 23, 2023
About this deal
AI
A 79th-floor unit at 432 Park Avenue in Midtown Manhattan has been sold in a recent transaction. The condo was initially listed for $135 million but sold for $59.1 million, less than half of its original asking price. The sale took place after being on the market for two years.
Summary of transaction details
- Property Type: Condo
- Sale Price: $59,100,000
- Square Footage: 8,000 SF
- Price per Square Foot: $7,388
- Address: 432 Park Avenue
- Market: Midtown Manhattan
Noel Berk from Engel & Völkers represented the seller in this transaction.
On the Map
$59,100,000
$7,387/SF
Condo
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Players
Portsmouth Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93