Monday, October 13, 2014

Whoever said money can’t buy happiness has never been inside an apartment 1,300 feet above a bustling metropolis (New York)

Said : Matt A.V. Chaban in the Appraisal column of The New York Times of Oct. 13, 2014

The Appraisal covered New York’s tallest residential building, 432 Park Avenue, which attained its full height of 1,396 feet on Oct. 10. The 104-unit condominium tower of 96 stories, between 56th and 57th Streets, opens next year and the penthouse views, in all directions, are spectacular, as per Chaban's Appraisal. 

The total cost of building developed with Los Angeles based CIM Group - a premier full service urban real estate and infrastructure fund manager - is reported to be $1.3 billion. According to the Appraisal, more than half of the 104 condos have already been sold, including the $95 million penthouse and the cheapest units starting at $7 million. 

"If Manhattan has truly become a playground for the rich, here is its new beacon," Chaban concludes.

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