Superscraper 432 Park Ave Updates Prices

Tuesday, 18 Sep 2012 06:12 PM

The luxury super-scraper at 432 Park Avenue might still be in development, but prices have increased for a second time. The total asking price for all 122 condominiums will be $2.43 billion provided no price increase takes place until 2015 when the building is completed and condos go up for sale. That makes an average square-foot-price of $5,941, which is just slightly lower than One57’s which cashes in at $6,000 per square foot. One57 is another 90-floor new development in construction, which is planned to be finished in 2013.

432 Park Avenue has a height of 1,380 feet (420.5 m) and will become America’s second tallest building, surpassing the new One World Trade Center building as it will measure just 1,368 feet (417 m).

The Willis Tower in Chicago, the current title holder, is a commercial building. This also makes 432 Park Avenue the tallest residential building in America. Good, there’s more luxury to be had then. So, it’s no surprise that the 8,255-square-foot, six bedroom penthouse has a current price tag of $85 million. It will sit 1,302 feet above street level, making it the highest residential space in the United States and one of the highest in the world.

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