432 Park Avenue
MIDTOWN, MANHATTAN
SUMMARY
Building Type: Condo
Building Stage: Resale
Report Date: September 3rd, 2025
$1.35M - $65.6M
Sales Started: 11 Years Ago (10/07/2014)
Closings Started: 10 Years Ago (10/02/2015)
Offering Type: New Construction Condominium
Developer: Macklowe Properties, CIM Group
Architect: Rafael Viñoly Architects, Slce Architects
Landscape Design: Zion Breen, Richardson Associates
432 Park Avenue, constructed in 2015, is an iconic residential skyscraper located in Midtown It was designed by Rafael Viñoly Architects with interior details by Deborah Berke Partners and Bentel & Bentel The building features 96 floors and 130 units, offering a suite of white-glove amenities, including a 75-foot pool, fitness center, spa, private restaurant, lounge, terrace, library, screening room, children’s playroom, and dedicated services such
AMENITIES
as a 24-hour doorman, concierge, and in-residence dining. Its prime location on Park Avenue provides sweeping city views, abundant natural light through signature large windows, and access to Manhattan's vibrant neighborhood The surrounding area has recent active contract volume, with notable increases in new development activity and resale transactions, indicative of ongoing market interest
432 Park Avenue BUILDING ANALYSIS
OVERVIEW (24-MONTHS)
$22.91M
Information available indicates the average asking price for units in this building is approximately 22.91M with an average sold price of about 12 0M over the last 24 months, reflecting a resale market trend The unit mix predominantly includes large units, with the asking prices significantly above recent sale prices, suggesting a substantial asking-to-sale price gap The data shows large, high-
$4,002
end units with asking prices over $22 million, but actual sale prices tend to be roughly half that figure, highlighting potential negotiation margins in the market Overall, the asking prices and recent transaction values suggest a luxury market with high price expectations and active trade in large, premium units
UNIT MIX SOLD PPSF (24-MONTHS) RECENT SALES IN THIS BUILDING
MIDTOWN NEIGHBORHOOD ANALYSIS
MIDTOWN NEIGHBORHOOD ANALYSIS
Average Sold Price / SF in Midtown / Q2 2025
$2,890
$1,584
In the current period, average PPSF prices for new developments are approximately 2,730, with the last recorded value at 2,827, and for condos roughly 1,400, with the latest at 1,393. Co-op PPSF prices are around 900, with recent peaks near 1,070 The building's PPSF of around 5,509 (asking) for asking prices and 4,002 (sold) for
recent transactions are significantly higher than neighborhood averages Notably, new devs' PPSF remains above the neighborhood's last recorded average, indicating premium pricing in this building relative to recent market trends