It goes without saying that New York City in the USA state of New York is one of the most beautiful and prosperous cities in the world.
That fact begs the question; what kind of property will you find yourself in the market for with a budget of $108-million? It won’t be a multiple hectare mansion, or a seaside villa, it will come in the form of a 2,516 square metre apartment. To put that into perspective, some of the most luxurious apartments in Melbourne and Sydney measure up to 300 square metres in size.
The new construction at 432 Park Avenue, New York City is 425m tall and will become the tallest residential building in the Western Hemisphere. To compare this to Melbourne’s iconic 297m tall Eureka Tower, 432 Park Avenue is an additional 128m high. Or, how about the 302m Sydney Tower? 432 Park Avenue is over 100m taller.
Units start from a mind boggling $18.7-million and stretch all the way (pardon the pun) up to $108-million for the penthouse with 360 degree views.
New York real estate developer, Harry Macklowe told the New York Times that “At 1,396 feet (425m), 432 Park Avenue is the tallest residential building in the Western Hemisphere, and represents an extraordinary accomplishment of architecture, design, engineering and craftsmanship.”
While this may only be an apartment, the amount of space is absolutely unprecedented and unlikely to ever become available again.
Unlike other cramped shared facilities in apartment buildings built to a budget in Australia, 432 Park Avenue will contain over 9,100 square metres of shared amenities.
These include a private gym and private restaurant to share with other apartment owners.
When complete, 432 Park Avenue will tower over the Empire State Building, the Chrysler Building and the newly finished Freedom Tower.
Now all you need to do is win the lotto. Ten times.
Images courtesy of Macklowe Properties.