Inside NYC’s insane $229.5 million penthouse in ‘toothpick’ building — the most expensive listing in Manhattan

The top floor of a controversial Manhattan supertall building has hit the market with a jaw-dropping asking price of $229 million, making it the city’s most expensive listing.

The top floor of a controversial Manhattan supertall residential building known as “432 Park Avenue” has hit the market with a jaw-dropping asking price of $229 million (US$169 million) — making it the city’s most expensive listing.

The six-bedroom, seven-bathroom, two-powder-room penthouse sits on the 96th floor of a “toothpick-like” building that has garnered a reputation for creaking, floods and supposed design flaws.

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Most expensive Manhattan home for sale for $229.5 million. Picture: Realtor

The unit has Fendi, Bentley and Hermès furniture. Picture: Realtor

This piano was custom-made for the penthouse. Picture: Realtor

Nevertheless, the seller received several offers in the month before he listed the 767 sqm property for sale, Ryan Serhant told The Post.

But the offers apparently were not high enough to entice the seller to strike a deal.

“We wanted to maximise value by bringing it on the market,” Serhant said.

The unit with a massive floor plan has been re-done and filled with Fendi, Bentley and Hermès furniture, a curated art collection, herringbone white oak floors, high-end finishes and a library.

If it sells for what it’s asking, the penthouse would be the second most expensive known piece of New York City real estate ever. Picture: Realtor

Saudi retail and real estate billionaire Fawaz Al Hokair purchased the unit for $87.7 million in 2016, according to property records. Picture: Realtor

One of the home’s six bedrooms. Picture: Realtor

Shockingly, the property’s asking price is almost twice what the seller paid for it five years ago, according to the listing.

Saudi retail and real estate billionaire Fawaz Al Hokair purchased the unit for US$87.7 million in 2016, according to property records and reports at the time.

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Picture: Realtor

Bathe with a view. Picture: Realtor

If it sells for what it’s asking, the penthouse would be the second most expensive known New York City real estate sale ever. Hedge-fund manager Ken Griffin purchased the most expensive house in the U.S. — a condo at 220 Central Park South — for $238 million in January 2019.

“Records are meant to be broken,” listing broker Serhant said.

The luxe library could be used as seventh bedroom. Picture: Realtor

The history behind 432 Park Avenue

So what makes this penthouse the best listing in Manhattan, to merit its status as the most expensive listing in the Big Apple? Serhant said it’s the building.

“Anyone can have a big apartment or have a full floor somewhere. But there is only one penthouse at 432 Park Avenue,” said Serhant.

“432 Park Avenue is one of the best creations in the world.”

The view from billionaire’s row. Picture: Realtor

But 432 Park Avenue’s worldwide reputation has not always been a positive one. Creaking, floods and supposed design flaws have plagued owners, with previous reports revealing that visitors said they were “nauseated” and “freaked out” by the swaying.

“I can’t speak to anyone else,” he told The Post. “It’s a supertall skyscraper.” No further comment was given.

Picture: Realtor

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Units have solid oak flooring, high ceilings and floor-to-ceiling windows. Kitchens have marble floors and countertops, seamless white-lacquer and oak cabinetry and top-of-the-line Miele appliances including a double oven, a double sink, a wine cooler and double dishwashers.

Picture: Realtor

Top sales in the building came from an anonymous buyer in 2019 who purchased three units on the 92nd and 93rd floors for $91.12 million.

The building again made headlines when then-couple Jennifer Lopez and Aaron Rodriguez sold their 372 sqm pad in the Midtown tower for $15.75 million in 2019, almost $2 million under the asking price.

Picture: Realtor

This article first appeared in The Post and was republished with permission.