The new super-skinny 432 Park is one of the five most expensive condo buildings in New York City, according to the most recent CityRealty 100, an index of Manhattan’s priciest condominiums. Some older buildings made the top five as well, including the 2008 Trump International, at 1 Central Park West, which has been appreciating in value.
The index uses information on recent sales to calculate investment potential. And while there is some subjectivity involved in determining which 100 condominiums are included, the units in every building on the list must sell for at least $1,000 a square foot on average, and all buildings must be south of West 125th Street, Central Park North (110th Street) and East 96th Street.
For the year ending March 31, 2018, the average price per square foot of homes in the buildings on the list was $2,445 — or about $1.22 million for a 500-square-foot apartment. But the top five buildings were much more expensive: In those condominiums, one square foot, about the amount of floor space occupied by a pair of Gucci slippers, sold for an average of more than $5,000.