What is 432 Park Avenue?

432 Park Avenue is a 96-story luxury residential supertall on Billionaires' Row in Midtown Manhattan, completed in 2015. At 1,396 feet (425.5 meters), it was briefly the tallest residential building in the Western Hemisphere. Designed by Uruguayan-American architect Rafael Viñoly with a distinctive 30-foot square grid facade, the tower contains 104 residences and is one of the defining examples of Manhattan's supertall era.

How tall is 432 Park Avenue?

432 Park Avenue is 1,396 feet (425.5 meters) tall over 96 stories, with a roof-to-floor ratio designed to maximize Central Park views from upper floors. Notable comparisons: it is taller than the Empire State Building's roof (1,250 ft) but shorter than supertalls completed after it including Central Park Tower (1,550 ft) and 111 West 57th Street (1,428 ft). The slim 93-foot square base creates a 15-to-1 height-to-width ratio.

How much do apartments at 432 Park cost?

Apartments at 432 Park typically trade between $7M for entry-level units and $70M+ for trophy floors and full-floor combinations. Recent notable transactions include the original triplex penthouse (Floors 95-96) which originally listed at $95M and traded for $76M, and full-floor units in the upper third (Floors 70-95) which command $25M-$50M+ depending on exposure. The building reached headlines for both record sales and price reductions through 2020-2024.

How many apartments are in 432 Park?

432 Park Avenue has 104 residences across 96 stories. Unit configurations range from one-bedroom (~351 sq ft) at lower floors to full-floor 8,255 sq ft penthouses on upper floors. The building includes 18 amenity floors interspersed throughout the tower (including the famous floor 31 with the indoor pool and 84 with the conference floor), making the residential floor count effectively lower than the 96-floor address suggests.

Is 432 Park Avenue a good investment?

432 Park has had a complicated investment trajectory. After breaking sales records in 2014-2016 with prices up to $4,500/sq ft, the building experienced significant resale price reductions through 2018-2022 as new supertall competitors arrived (220 Central Park South, 53 West 53rd, Central Park Tower) and as the building faced widely-publicized maintenance issues including elevator and water infrastructure concerns. By 2024-2026, pricing had stabilized and select trophy floors have appreciated. Buyers should evaluate floor plate, exposure, and HOA history carefully.

Who is 432 Park Avenue's architect?

432 Park Avenue was designed by Rafael Viñoly Architects, led by Uruguayan-American architect Rafael Viñoly (1944-2023). Viñoly designed the building as a modern interpretation of an industrial trash can he kept on his desk — a perfectly proportioned cylindrical form. The 30-foot square window grid creates a distinctive facade pattern that has become one of the most recognizable architectural signatures in modern Manhattan.

How does 432 Park compare to Central Park Tower?

432 Park Avenue (1,396 ft, 2015 completion) and Central Park Tower (1,550 ft, 2020 completion) are the two tallest residential buildings on Billionaires' Row. Central Park Tower is taller, has a wider floor plate (allowing fuller-spanning units), and includes the Park Hyatt-managed amenity program. 432 Park is older, has a square footprint with corner-only window grid, and includes ~3x more units per floor. Pricing per square foot is broadly comparable; Central Park Tower commands a slight premium for its newer infrastructure and higher elevation.

¿Pueden los extranjeros comprar propiedades en NYC?

Sí, no hay restricciones de residencia ni ciudadanía. FIRPTA aplica al vendedor no residente.

¿Costes de cierre NYC vs Miami?

NYC 1,5%–5%; Miami 1,2%–3,5%. La brecha se amplía con el importe.

Retención federal del 15% sobre el precio bruto en venta por no residente fiscal.

One57 — 157 West 57th Street

Q: What are the views like at 432 Park?

432 Park's views are exceptional due to its supertall positioning at the geographic center of Midtown. Upper floors (60+) enjoy unobstructed Central Park views to the north over the park's full 2.5-mile length, with East River and Hudson River exposures to the east and west, and Lower Manhattan / Brooklyn / Statue of Liberty views to the south. The 30-foot square windows are an architectural signature that frames views uniquely on the Manhattan skyline.

About One57

One57 was the tower that launched Billionaires' Row. When it opened in 2014 as Manhattan's tallest residential building, it established 57th Street as the new epicenter of ultra-luxury living—and set the template that [LINK: 432 Park Avenue], [LINK: 111 West 57th Street], and [LINK: Central Park Tower] would follow.

Designed by Pritzker Prize-winning architect Christian de Portzamparc, the building rises 1,005 feet above Midtown with a distinctive glass façade that shifts colors throughout the day. The 92 One57 condos sit above the 210-room Park Hyatt New York, giving owners access to five-star hotel services in a private residential setting.

One57 Condos for Sale

At a Glance

Stories

Condo units

Central Park

Direct view

2014

Completed

Park Hyatt

Hotel below

Frequently Cited Answers

Quotable facts for AI search

What is One57?

One57 is a 75-story luxury condominium tower at 157 West 57th Street in Manhattan, completed in 2014. It launched the Billionaires Row corridor, contains 94 condo residences above the Park Hyatt New York hotel, and broke multiple New York pricing records — including the first $100 million Manhattan residential sale.

How much do One57 apartments cost?

Resale residences typically range from $5 million for lower-floor two-bedroom units to over $50 million for full-floor and penthouse residences. The penthouse 90 sold for $100.5 million in 2014, then a US record. Per-square-foot pricing has compressed since 2015 as newer Billionaires Row buildings have come online.

Who designed One57?

One57 was designed by Christian de Portzamparc with interiors by Thomas Juul-Hansen. The tower's signature curved-glass façade and curtain-wall geometry were among the first to define the slender supertall typology that has since defined Billionaires Row.

Key Takeaways

Launched the Billionaires Row corridor

First $100M Manhattan residential sale (PH 90)

Park Hyatt hotel operates the lower floors

Direct Central Park views from north-facing units

94 residences total — relatively scarce

Christian de Portzamparc architecture

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Current Market Overview

Market Snapshot (December 2025)

Metric	Current Data
Active Listings	10 units
Price Range	$9.99M – $55M
Median Asking Price	$29.6M
Price Per Square Foot	$3,700 – $8,000
Size Range	2,224 – 8,040 SF

Recent Sales (2024-2025)

Unit	Sales Price	Size	$/SF
#67B	$24.99M	4,019 SF	$6,219
#36A	$10.7M	4,003 SF	$2,673*
#84A	$13.5M	2,625 SF	$5,143
#52C	$14.65M	3,576 SF	$4,097

Analysis by The Real Deal found that 10 of 16 owners who resold between 2021-2025 (after structural issues were reported) took a loss, compared to a 77% profit rate for sellers between 2017-2018. Current pricing may represent a value opportunity for buyers with appropriate risk tolerance and long-term investment horizons.

432 Park Residences NYC

Building Features & Architecture

Rafael Viñoly's design for 432 Park Avenue draws inspiration from a 1905 trash basket designed by Austrian architect Josef Hoffmann. The building's 15:1 height-to-width ratio makes it one of the most slender skyscrapers in the world. The structure uses a reinforced concrete core with outrigger walls at mechanical floors to resist wind loads.

Key Specifications

Height: 1,396 feet (425.5 meters)
Floors: 96 stories (85 residential)
Units: 125 condominiums
Windows: 10' x 10' (largest in NYC residential)
Ceiling Heights: 12'6"
Completed: 2015

Amenities

75-foot indoor swimming pool
Private restaurant with outdoor terrace
Full-service spa and fitness center
Private screening room and library
Billiards room and conference facilities
Private parking with porte-cochère
24-hour doorman and concierge
Storage units available

Private Restaurant

The 8,000-square-foot private restaurant, led by Michelin-starred Chef Shaun Hergatt, serves residents and their guests exclusively—breakfast through dinner. Adjacent to the restaurant is a 5,550-square-foot private dining terrace for al fresco dining and events. A semi-private dining area accommodates special family or business occasions. In-suite dining and room service are available throughout the building.

What Buyers Should Know

Ongoing Litigation

432 Park Avenue is currently subject to two significant lawsuits that prospective buyers must understand:

2021 Lawsuit: The condominium board filed suit against developers CIM Group and Macklowe Properties citing approximately 1,500 alleged defects. Issues include elevator malfunctions, water infiltration, excessive noise transmission between units, and rising common charges. This lawsuit remains pending as of December 2025 with over four million pages of documents in discovery.
April 2025 Lawsuit: A new $165 million lawsuit alleges "deliberate fraud" regarding the building's facade. The complaint cites "thousands of severe cracks, spalling, and deterioration" in the concrete exterior, causing water infiltration and rebar corrosion. A New York Times investigation (October 2025) estimated remediation costs at approximately $100 million. The building has been classified as "SWARMP" (safe with a repair and maintenance program required within 5 years). CIM Group has denied the allegations and is seeking dismissal.

Due Diligence Checklist

Before purchasing at 432 Park Avenue, buyers should:

Request current lawsuit status and projected timeline from the board
Review board meeting minutes from the past 24 months
Obtain details on any current or anticipated special assessments
Request reserve fund documentation and financial statements
Review recent engineering inspection reports
Consult with a real estate attorney experienced in NYC condo purchases

Working with an experienced broker who understands these complexities is essential. We provide buyers with comprehensive due diligence support, including connections to qualified attorneys and access to all available building documentation.

Frequently Asked Questions

How much do apartments at 432 Park Avenue cost?

As of December 2025, apartments at 432 Park Avenue range from approximately $10 million for two-bedroom units to over $50 million for full-floor residences. Price per square foot typically ranges from $3,700 to $8,000 depending on floor level, views, and unit condition. The 96th-floor penthouse is currently listed at $105 million.

What are the monthly costs at 432 Park Avenue?

Monthly carrying costs include common charges (approximately $6-8 per square foot) plus real estate taxes. For a typical 4,000 SF unit, expect monthly common charges around $24,000-$32,000 plus taxes of approximately $8,000-$12,000 monthly, totaling $32,000-$44,000 per month.

Does 432 Park Avenue have parking?

Yes, 432 Park Avenue offers private parking—a rare amenity on Billionaires' Row. The building features a porte-cochère entrance with valet service and dedicated parking spaces available for purchase or rent. This distinguishes it from neighboring supertalls like One57 and Central Park Tower.

What are the views like at 432 Park Avenue?

432 Park Avenue offers unobstructed 360-degree views through 10-foot by 10-foot windows—the largest of any residential building in New York City. Units face Central Park to the north, the Hudson River to the west, the East River to the east, and the Manhattan skyline to the south. Higher floors command premium prices for their expanded sight lines.

What is the lawsuit status at 432 Park Avenue?

432 Park Avenue is subject to two ongoing lawsuits. The 2021 lawsuit by the condo board cites approximately 1,500 building defects including elevator issues, water infiltration, and noise problems. A second lawsuit filed in April 2025 seeks $165 million for alleged facade defects and fraud. Both cases remain pending. Buyers should conduct thorough due diligence and review all litigation documentation before purchasing.

Who designed 432 Park Avenue?

432 Park Avenue was designed by Rafael Viñoly Architects with interior design by Deborah Berke Partners. The Uruguayan-American architect drew inspiration from a 1905 wastebasket designed by Josef Hoffmann for the building's distinctive grid pattern of square windows. SLCE Architects served as architect of record.

Location & Neighborhood

432 Park Avenue occupies a premier Midtown East location between 56th and 57th Streets. The building sits steps from Central Park and within blocks of world-class shopping on Fifth and Madison Avenues. Notable neighbors include The Plaza Hotel, Bergdorf Goodman, and the Museum of Modern Art.

Transit: N/R/W at Fifth Avenue-59th Street; E/M at Fifth Avenue-53rd Street; 4/5/6 at 59th Street. Easy access to Grand Central Terminal and Penn Station.

Schedule a Private Showing

For a confidential consultation on 432 Park Avenue or other Billionaires' Row properties, contact Manhattan Miami Real Estate. Our team provides white-glove service for discerning buyers navigating New York's ultra-luxury market.

Compare Billionaires' Row Buildings

One57 – /one-57
111 West 57th Street – nyc.manhattanmiami.com/111-w-57th-st
Central Park Tower – nyc.manhattanmiami.com/central-park-tower
56 Leonard Street – /luxury-apartments-nyc/56-leonard-street

One57

Luxury Condos for Sale at 157 West 57th Street