New York Post

TOWERING PRICES FOR CITY PADS

Top 10 sales of 2017

- By JENNIFER GOULD KEIL jgould@nypost.com

The city’s 10 priciest home sales this year totaled more than a half-billion dollars — fueled by the purchases of three apartments at a Midtown building modeled after a trash can.

The top three sales were all in 432 Park Avenue (left), whose design, its developer, Harry Macklowe, has said, was inspired by a wastepaper basket. The 85-story tower bills itself as “the tallest residentia­l structure in the Western Hemisphere.”

Its residents range from Qatari diplomat Nassir Abdulaziz al-Nasser to Nautica sportswear founder David Chu. And power couple Jennifer Lopez and Alex Rodriguez have been there four times to look at one apartment.

Three of its units were sold together this month for $91 million to create a 12,000-square-foot duplex on the 92nd and 93rd floors. It was the most costly city housing property peddled in 2017.

Another buyer paid $65.6 million for an 85thfloor unit — the secondhigh­est housing sale.

The third most expensive pad, also in the building, went for $65.16 million. It now belongs to Lawrence Ho, son of billionair­e gambling exec Stanley Ho, and is on the 83rd floor, city property records show.

The building also is home to two units recently made infamous by Macklowe.

They are up for grabs in his bitter divorce battle with wife, Linda. The 80year-old magnate wants to combine them into a love nest for his much-younger mistress-turned-fiancée.

All of the top-10 homesale deals in the city were in Manhattan, and only two of them were downtown.

They traded hands for a total of $552.9 million, or 6.8 percent more than last year’s combined price for the 10 most costly homes.

Even so, some of this year’s biggest sales involved steep discounts.

Actress Demi Moore sold her penthouse triplex at the San Remo on Central Park West for $45 million.

It was the seventh most expensive sale in the city this year, but it came at a big discount. Her original asking price was $75 million.

Still, her ex-husband, actor Bruce Willis, had bought it about 25 years ago for around $7 million.

Another pad whose price was slashed turned out to be the ninth most expensive sale this year.

The owners of the home, a penthouse triplex at The Pierre hotel, were originally asking $125 million. They sold it for $44 million. The unit was originally the hotel’s ballroom.

One sale on the list proved especially profitable.

The city’s fourth most expensive sale involved a $55 million unit at 860 Fifth Ave. The buyer paid $18 million over the unit’s original $35 million asking price.

“2017 was the year of the luxury discount, but a robust year nonetheles­s,” noted superbroke­r Dolly Lenz.

Downtown, the two homes making the list were at 56 Leonard St., a Jenga-like tower a decade in the making, and 443 Greenwich St., home to such A-listers as Jennifer Lawrence, Blake Lively and Ryan Reynolds, Justin Timberlake and Jessica Biel and Meg Ryan.

The sixth most expensive sale this year was at the Leonard Street address, where a four-bedroom penthouse with a library, conservato­ry and a gym sold for $47.9 million.

The 10th most expensive sale was race-car driver Lewis Hamilton’s purchase of a $43.9 million penthouse at 443 Greenwich.

2017 was the year of the luxury discount, but a robust year nonetheles­s. — Real-estate broker Dolly Lenz

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