NOT LISTED FOR SALE

Estimated Value: $5,298,000 - $9,720,865

3 Beds
4.5 Baths
4,003 Sq Ft
$14,997/mo HOA Fee

Last Sold June 04, 2024

Last sale price $11,250,000 $2,810 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $59,388/month

95 Days on Market

Highlights

  • River View
  • Garage
  • High-Rise Condominium
  • P.S. 59 Beekman Hill International Rated A

About This Home

As of June 2024

One of the FINAL sponsor sales at 432 Park Avenue. Half-floor residence 37B occupies 4,003 square feet encompassing 3 bedrooms, a separate library, four full baths, and a powder room. From a private elevator vestibule, one enters a tasteful gallery perfect for welcoming guests and displaying art. Throughout the home, soaring 12'6" finished ceilings and 10'x10' windows with power shades define iconic 432 Park grandeur. The grand foyer gallery leads to a gracious living/dining room, spanning nearly 30' x 30' with gorgeous views of Central Park to the North and the city skyline to the West, showcasing radiant light and majestic sunsets year-round. The chef's kitchen is outfitted with Miele appliances, white lacquer and oak cabinetry, a Bianco Scintillante marble center island with deep storage, Blue de Savoie marble floors and countertops, and Dornbracht polished chrome fixtures. A marble breakfast bar looks out over Central Park. A library that can also function as a formal dining room is accessed by pocket doors from the foyer with city views across Madison Avenue. The entrance gallery then flows South to the bedrooms, perfectly separating the resident's entertaining and private quarters. The corner primary bedroom suite has dual South and West exposures and includes a separate dressing hall with extensive closets. The suite includes two windowed primary bathrooms. Each has book-matched slabs of Italian Statuario marble floors and walls, separate shower stalls, and radiant heated floors. The larger of the two baths features a free-standing, deep soaking tub set against the city view window. Two additional guest bedrooms with Southern vantages both have their own en-suite baths. Life at 432 Park Avenue is beyond the grandest 5-star hotels with the luxury of not having to share it with guests. Featuring over 30,000 square feet of resident amenities, one never needs to leave the building. Resident amenities include a private restaurant with a 5,000 square foot outdoor terrace for dining and events, in-residence dining, a 75-foot indoor swimming pool, state-of-the-art gym, spa, steam room, sauna, massage/treatment rooms, library, billiards room, conference room with teleconferencing, screening room cinema, full-time concierge, 24-hour doorman, porte-coch re and security.

Last Agent to Sell the Property

Shari Scharfer-Rollins

Douglas Elliman Real Estate License #30SC1053770 Listed on: 01/13/2023

Douglas Elliman Real Estate

Co-Listed By

Marc Palermo

Douglas Elliman Real Estate License #10301205829

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $94,790

Year Built

  • Built in 2015

Lot Details

  • 0.79

HOA Fees

  • $14,997 Monthly HOA Fees

Parking

  • Garage

Property Views

  • River

Home Design

  • 4,003 Sq Ft Home
  • Entry on the 37th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed

Utilities

  • No Cooling

Community Details

  • 104 Units
  • High-Rise Condominium
  • Midtown East Subdivision
  • 96-Story Property

Listing and Financial Details

  • Legal Lot and Block 7502 / 01292

Property Details

Home Type

Condominium

Est. Annual Taxes

$94,790

Year Built

Built in 2015

Lot Details

0

HOA Fees

$14,997 per month

Listing Details

  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown East
  • Entry Level: 37
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Pets No Pets Comments: NO,Building Pets Allowed Comments:NO
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 96

Interior Features

  • Interior Features: Dining Area
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 4003.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 3

Exterior Features

  • View: City Lights, City, Panoramic, River
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Other, In Unit
  • Green Building Features: Elevator(s)
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 14997.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 104
  • Total Stories: 96
  • Year Built: 2015

Tax Info

  • Tax Block: 01292
  • Tax Lot: 7502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Jun 4, 2024
Sold by
56Th And Park Owner Llc
Bought by
Ostad Alonna and Ostad Michael
Seller's Agent
Shari Scharfer-Rollins
Douglas Elliman Real Estate
List Price
$15,500,000
Sold Price
$11,250,000
Premium/Discount to List
-$4,250,000
-27.42%
Views
105
Current Estimated Value
$6,903,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,346,712
Avg. Annual Appreciation
-30.17%
Original Mortgage
$9,000,000
Outstanding Balance
$8,884,486
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$1,981,198
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ostad Alonna $11,293,070 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ostad Alonna $9,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2024 06/04/24 Sold $11,250,000 -9.3% $2,810 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
03/02/2024 03/02/24 Price Changed $12,400,000 -20.0% $3,098 / Sq Ft
12/29/2023 12/29/23 For Sale $15,500,000 -- $3,872 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $94,790 $755,569 $156,659 $598,910
2024 $94,790 $758,200 $156,659 $601,541
2023 $92,768 $756,240 $156,659 $599,581
2022 $91,249 $751,260 $156,659 $594,601
2021 $86,178 $702,516 $156,659 $545,857
2020 $91,431 $788,344 $156,659 $631,685
2019 $90,095 $756,667 $156,659 $600,008
2018 $87,909 $730,233 $156,659 $573,574
2017 $85,632 $694,969 $156,659 $538,310
2016 $69,366 $570,612 $156,658 $413,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10973321

Real Estate Board of New York (REBNY)

APN: 1292-1361