Exclusive | Another 432 Park home has listed at a discount

Looks like the sky’s not the limit at 432 Park Ave., but just the ceiling on buyer interest.

Once the tallest residential building in the Western Hemisphere, the infamous Billionaires’ Row building has been struggling to sell its grandeur.

And now, a trophy unit there is back on the market — again. 

Residence 94A has re-listed for $26.95 million, marking its second price cut in an 18-month span that has yielded little traction despite sweeping Central Park views, sky-high finishes and bragging rights at 1,400 feet in altitude.

A sky-high unit at one of Manhattan’s most infamous supertalls is back in the spotlight. Residence 94A at 432 Park Avenue has quietly returned to market asking $26.95 million. Robert Miller

It’s the second price chop in an 18-month sales slog that’s become emblematic of the broader struggles at this Billionaires’ Row tower. Pictured is an interior of another unit in the building. Tim Waltman for Evan Joseph

The 4,000-square-foot half-floor home originally hit the market for $32 million in 2022. It dropped to $30 million in December 2024, and now asks just under $27 million. Yet after nearly two years, it remains unsold.

That makes 94A a case study in the building’s broader identity crisis. 

Once hailed as a pinnacle of Billionaires’ Row prestige, 432 Park has since weathered a barrage of bad press beginning in 2021 — ranging from structural complaints and resident lawsuits to anemic resale performance. 

The full-floor three-bedroom, represented by Serhant, spans over 4,000 square feet with panoramic views and high-gloss interiors, but buyers have been slow to bite. Tim Waltman for Evan Joseph

In recent years, the supertall has faced a barrage of lawsuits, engineering disputes, and resident gripes that have tarnished its once-gilded image. Owners have alleged everything from flooding and faulty plumbing to creaking walls, unexplained noises, and elevator malfunctions — with some claiming the tower sways excessively in high winds.

In 2021, the condo board filed a $125 million lawsuit against the developers, citing more than 1,500 alleged defects.

In 2025, the owners of the building then filed another lawsuit against the developers, over a “far-reaching fraud,” alleging they hid significant defects including “thousands” of acute cracks on the tower’s facade. Other residents deny the claims.

It originally listed for $32 million, then $30 million, and now sits more than 13% below its initial ask. But perks still include a staffed building. Robert Miller

According to StreetEasy data, a dozen listings in the building have sat idle for years, with five delisted altogether in 2025. Only one unit sold last year: a three-bedroom that closed for $14.65 million — nearly $5.5 million below its original ask.

The re-listing of 94A signals more than seller fatigue; it underscores how dramatically the tower’s once-lofty brand has deflated.

Billed by Serhant, the listing brokerage, as a one-of-a-kind, east-to-west configuration, the only half-floor residence of its kind — it offers unobstructed sunrise-to-sunset exposures, nearly 13-foot ceilings, oversize windows, and finishes ranging from Miele appliances and Dornbracht hardware to marble-clad spa baths and underfloor heating. A corner great room captures sweeping Central Park and city views, while a tucked-away primary suite mimics the privacy of a full-floor penthouse.

Reps for Serhant did not respond to The Post’s request for comment.

The relist comes as 432 Park continues to battle a reputation marred by lawsuits, complaints of creaking walls and facade cracks, and a string of lingering listings. DOB

Amenities in the building include a private Michelin-starred restaurant, a 75-foot lap pool, massage rooms, and a private porte-cochère arrival.

But in today’s market, square footage and style alone aren’t moving the needle, and especially not at this price.

“There was so much hype for that building,” Douglas Elliman’s Keyan Sanai told The Post.

“It’s almost like when they hype a stock and it IPOs at some crazy high number but two years later you see it IPO’d at 100 and is sitting at $50 to $60. Doesn’t mean the company is worthless, just means they overvalued and overhyped it from the jump.”

This particular unit’s stalled sale offers a fresh lens into a building that once symbolized wealth — but now suggests wealthy owners may be quietly looking for the exits. Robert Miller

The lack of buyer urgency, he argues, has less to do with headlines about structural problems — though lawsuits and complaints certainly haven’t helped — and more to do with misaligned pricing.

“I’d say 50/50 to be fair,” Sanai said of the impact of legal woes. “Do I think they’d be fetching these price-per-square-foot numbers even if there were no lawsuits? Probably not.”

The bigger test, he adds, will be whether “anything priced normally sells” — referring to the blended average price per square foot of closed deals in 2024 and 2025.

Today, 11 other units remain actively listed for sale in the building, many hovering around the $7,000 to $8,000 per-square-foot range.