432 Park Avenue Breaks NYC Sales Records, Report Says

MIDTOWN MANHATTAN, NY — The towering 432 Park Avenue condominium has become the highest-selling building in New York City and it may only be halfway to its potential, according to reports.

The 1,396-foot-tall tower, located on Park Avenue between East 56th and 57th streets, broke $2 billion in total residential sales this week, Curbed first reported. The massive sales numbers were boosted by huge prices commanded by many individual apartments in the building, of which 48 have closed for more than $20 million, according to the report.

The Midtown skyscraper has certainly been successful when courting wealthy buyers. Combination units of multiple penthouses in the building for $91 million and $60 million respectively, Curbed reported. Whether or not those buyers make 432 Park Avenue their permanent residence is another question. A huge mass of the building's windows are often dark at night.

Closings for the super-tall development began in 2016, and at the time developers CIM Group and Macklowe Properties projected that sales could top $3 billion.

As mega-developments continue to rise in Midtown Manhattan 432 Park Avenue could eventually be supplanted as the best-selling building in New York City. One potential development to watch out for is Extell's Central Park Tower, which will rise 1,550 feet tall.

Read the full Curbed report here.

Photo by Seth Wenig/Associated Press