Hedge funder buys 432 Park penthouse for $38M

From LLNYC: An 81st-floor penthouse unit at 432 Park Avenue has just sold for $38 million, per city records. The buyer appears to be Alexander J. Roepers, the founder and chief investment officer of Atlantic Investments Group, an investment firm. Atlantic Investments Group did not immediately return request for comment. Douglas Elliman, which is handling sales […]

Concept on West 57th Street looks like two conjoined 432 Park Avenues

St. Louis, eat your heart out. Oiio, an architecture firm based in New York and Athens, has dreamed up the Big Bend, an imaginary skyscraper that would rise above Billionaires’ Row like the Gateway Arch in St. Louis, Dezeen reported. According to the firm, such a tower would be the “longest building in the world.” […]

Confused about what happened in the luxury market in 2016? Here’s a handy guide

How did Manhattan’s luxury market fare in 2016? The optimistic broker or developer might point to the fact that this year will see a record $9.4 billion in closings for apartments priced $4 million and up, according to a new analysis by The Real Deal. But there’s another benchmark that serves as a more current […]