Living on cloud ninety-six! Manhattan penthouse 1,396ft above the city on the 96th floor with breath-taking 360degree views hits the market for $169M
- Offered for sale publicly for the first time, the 8,000-square-foot penthouse is on the top floor at 432 Park Avenue overlooking Central Park
- Fawaz Al Hokair, a Saudi real estate magnate, puts it on the market for nearly twice what he paid for it in 2016
- Condo features six bedrooms and seven bathrooms, with high-end accessories throughout including from Hermes and Bentley
- Luxurious unit has its own private library with a sitting room and dressing room inside the master bedroom
- The master bathroom comes with heated floors, marble countertops and custom cabinets
Got $169million? If so, a 96th-floor penthouse in a nearly 1,400ft. skyscraper in Manhattan could be yours.
The lavishly appointed Midtown unit is on the market for the first time in five years – and for the first time publicly.
The penthouse, measuring more than 8,000-square feet, offers panoramic views of New York City and features accessories from Louis Vuitton, Hermes and Bentley, which will all be sold with the condo along with artwork in the unit.
The seller, Saudi real estate magnate Fawaz Al Hokair, purchased the penthouse in 2016 for $88 million.
If Al Hokair is successful in selling the penthouse for nearly double what he paid, it would be among the most expensive properties ever sold in the U.S., according to the Wall Street Journal.
The penthouse, located on the 96th floor at 432 Park Ave., offers a panoramic view of Central Park (left)
The building designed by Rafael Vinoly and developed by Macklowe Properties and the CIM Group was erected in 2015 amid criticism that it did not mesh with New York City’s iconic skyline
The penthouse features several accessories, including a wood-burning fireplace
The penthouse, which includes six bedrooms and seven bathrooms, is offered for $169million
Fawaz Al Hokair is a Saudi real estate magnate with the Alhokair Group. The organization’s holdings include 92 entertainment centers and 35 hotels spread in Saudi Arabia and United Arab Emirates.
The condo features includes six bedrooms and seven bathrooms. A chandelier hangs over a custom onyx dining room table that seats 12, and a sculptural grand piano sits by the window in the living room, overlooking Central Park.
It also includes its own private library with a wood-burning fireplace, according to Business Insider, as well as a sitting room and separate dressing rooms attached to the master bedroom.
The master bathroom, meanwhile, has marble floors and walls, cubic marble vanities with 22-inch oval sinks and custom wood cabinets, and a large freestanding soaking tub where residents can enjoy a nice bath while enjoying some views of the water that surrounds the city.
The bathroom floors are heated as an additional luxury, according to Business Insider, and the condo is sprinkled with accessories from upscale companies, like Louis Vuitton, Hermes and Bentley.
And, as with any million-dollar residence, the kitchen is fully stocked with modern appliances.
The Park Avenue building was designed by Rafael Vinoly and was developed by Macklowe Properties and the CIM Group. It was completed in 2015, amid criticism from some New Yorkers who thought it looked out of place along the New York City skyline, with some likening it to a middle finger, according to The New York Times.
The building boasts a full-time concierge, a 24-hour door attendant, valet parking and a private, covered entryway where vehicles can be discreetly dropped off.
The building also has its own fitness center, complete with a 75-foot swimming pool, sauna and steam room.
Additionally, the building offers residents use of its massage room, billiards room, private screening room and conference room with 14 leather chairs surrounding a marble table.
Residents can eat at the building’s private restaurant run by chef Shaun Hergatt, who previously ran the Michelin Star-rated restaurant Juni.
Its tenants included singer Jennifer Lopez and former Major League Baseball star Alex Rodriguez before they separated this year, as well as many foreign buyers, like Al Hokair, looking for some discretion in the Big Apple.
The penthouse offers several dining areas
This cozy area allows occupants to eat while looking over the city
Another bedroom shows off a three-window view
A customized Blüthner piano comes with the penthouse
The facility also includes a 75-foot swimming pool, a sauna, a steam room and a fitness center
The building also offers a covered entryway where vehicles can be parked discreetly
But even the rich and famous face some problems.
In February, the New York Times published an article detailing some problems at the luxury residences, with tenants complaining about millions of dollars in water damage from plumbing and mechanical issues, frequent elevator malfunctions and walls ‘that creak like the galley of a ship.’
There were reportedly two leaks in the tall building in 2018, and one resident claimed to have been stuck in an elevator on October 31, 2019 for nearly 90 minutes due to high winds.
Other residents have complained of creaking, banging and clicking noises, and a trash chute ‘that sounds like a bomb’ when garbage is thrown out.
CIM Group officials told the Times they were ‘working collaboratively with the condo board,’ which was run by developers until January, when residents were elected to take over.
The developers also recently told The Wall Street Journal that all of those concerns are being addressed.
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