The tallest residential building in the western hemisphere
Here’s what it’s like to live in a $95 million penthouse, 425 metres above New York City.August 30, 2016
The world’s address book just got a swanky new entry. 432 Park Avenue is the tallest residential tower in the western hemisphere and is set to become one of the world’s most exclusive addresses when it opens next month.
Designed by Uruguayan architect Rafael Viñoly, the 425.5 metre tower contains 104 residences spread across 96 floors with 3-metre-by-3-metre windows, private elevator landings, heated bathroom floors and the option to purchase a climate-controlled wine cellar ($320,000). Built at a cost of $1.25bn, the tower will dominate the New York skyline.
Standing proud on Park Avenue between 56th and 57th streets, this neighbourhood has been nicknamed ‘Billionaires Row.’ The tower’s location is hard to beat, with views of the park, the river and the city grid.
Just a few blocks up from the famous Waldorf Astoria hotel, the skyscraper is near Tiffany jewellers, Trump Tower and The Plaza Hotel. Department stores Barney’s and Bergdorf Goodman are around the corner, and Central Park is a five-minute stroll away.
Residences are priced from $16,950,000 to full floor penthouses at $82,500,000. Monthly charges range from around $20,000 to more than $30,000. In June, The New York Times reported a mystery buyer bought the entire 79th floor for a shade over $59m.
The tower has been the subject of debate among New Yorkers, some of whom feel it spoils the city’s skyscape. The architect Viñoly shrugs, “Yes, it’s tall, and yes, it’s controversial. But wait until some of the others come on line [on 57th Street], and then you tell me. This is a discreet, restrained, simple, totally intelligent building. It has a quality of timelessness. Sometimes you just hit it right. And people notice it not because it’s very tall, but because it’s good.”