Real Estate Industry News

Bronx, NY – May 10: Alex Rodriguez, Jennifer Lopez, Guadalupe RodrÌguez, attend The Yankees Boston game on May 10,2018 in Bronx,New York City. Credit: John Palmer / Media Punch /IPX

Romantic duo Alex Rodriguez, of Yankees fame and #97 on Forbes’ Highest Paid Athletes, and Jennifer Lopez, mogul of music, film and #53 on Forbes Celebrity 100, have listed their 3 bed, 4.5 bath condo at 432 Park—the tallest residential building in the Western hemisphere. It could be considered the tallest building—residential or otherwise—in New York city because only One World Trade Center is higher, but only thanks to its spire that makes it taller on a technicality. If we’re talking about spaces that can accommodate more than a passing pigeon, then 432 Park reigns supreme. 

Designed by Uruguayan architect Rafael Viñoly, and developed by CIM Group and Macklowe Properties, the building reaches 1,396 feet, almost 150 feet taller than the Empire State Building. The 104 units in the building started at an asking price of $7 million up to the penthouse purchased for $87,660,898 by Saudi Arabian billionaire Fawaz AlHokair. AlHokair has been on the Forbes Billionaires list, but recently dropped off due to ambiguity over which assets he still owns after his bank accounts were frozen in a massive crackdown on corruption. 

432 Park is the tallest residential building in NYC.DBOX for CIM Group/Macklowe Properties

Rodriguez and Lopez bought the 4,000 square foot unit on the 36th floor of the 96-story building a little over a year ago for $15,316,715, down from its asking price of $17.5 million. Ever the business savvy pair, they have re-listed the unit for its original asking price as of last week, according to the New York Post that first reported the news. A source told the publication, “They love the building, but when their kids are all together, it’s too small. They need something bigger for the family.”  The listing is with Adam D. Modlin of the Modlin Group. 

Herringbone floor pattern in the living roomEvan Joseph

Residents reach the half floor unit by this private elevator, with a sleek lacquered jet black finish. The elevators are built to travel faster than most, with the trip from the ground floor to the penthouse taking merely sixty seconds in total. This unit is not quite halfway up the building so is barely a blip of an elevator ride when it is time to come home.

Private elevator to the unitEvan Joseph

The modern kitchen hides its appliances behind cabinet facades to allow for a seamless look.

KitchenEvan Joseph

The bedrooms include this one with corner views. The master bedroom comes with dual bathrooms, each with marble vanities, oversized sinks and radiant heated floors.

A bedroom with corner viewsEvan Joseph

You start to get a sense of how there isn’t enough space for their four kids when you catch a glimpse of the remaining bedrooms.

Bunk bedsEvan Joseph

Here’s another that shows how they fit in a few extra beds.

Extra bedroomEvan Joseph

The 432 Park building is known for its luxury amenities package, such as the 75 foot indoor pool, full service concierge, board room, gym and yoga studio, screening room and private resident restaurant which offers in-home dining. Community fees are almost as steep as the building itself, with this unit requiring $8,331 per month as part of the deal. 

For more info, here’s the listing page for the property.

For one of New York’s other incredibly tall buildings, check out 111 West 57th Street which required the use of the tallest freestanding crane in New York to complete (and does top out a little higher than 432 Park thanks to the ornate, but not-really-a-spire, decorative metallic piece rising above the residential floors).