A massive apartment at 432 Park Ave. on Billionaires’ Row is in contract for far less than its asking price, and the deal is slated to reset sales in the building.
The unit, 94A, last asked $25.75 million — down from its $33 million ask in 2024. The buyer purchased the half-floor unit for $31.5 million in 2019. It asked $26.95 million in January. The buyer and final price are not yet known, but it will be for less than $25 million and will have major repercussions for future sales.
“This [closing] will reset what the market is for the building,” said listing broker Marc Riedel, of Serhant, who shares the listing with Serhant’s Jordyn Nusynowitz. “We had multiple offers. This is where the market is.”…