432 Park Avenue, Manhattan
Condominium · 126 units · built 2012 · Block 1292, Lot 7502.
Building permits
- No Work, filed Sep 8, 2026, described as “Fashion show in the existing gallery/auction house.”
- Alteration, filed Aug 28, 2026, described as “Installation of a suspended scaffold for Facade Inspection and repair as per plan submitted. No change to egress or occupancy.”
- Alteration, filed Aug 27, 2026, estimated cost $3K, described as “Installation of a temporary supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Aug 17, 2026, estimated cost $100K, described as “Installation of 300 psf sidewalk shed, plywood fence, overhead protection and roof protection as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Aug 4, 2026, estimated cost $1.2M, described as “Facade repairs - concrete crack and spall repairs and coating application”
- Alteration, filed Jul 29, 2026, estimated cost $2.0M, described as “Remove and replace exterior soffit at drum floors with new metal panel system, also, floors are the mechanical windbreak floors open to outside.”
- Alteration, filed Jun 24, 2026, estimated cost $3.0M, described as “Removal and construction of non-bearing partitions, doors, ceilings and finishes, demountable partitions, interconnecting stair as shown on drawings. No change in use, egress or occupancy.”
- Alteration, filed Apr 21, 2026, estimated cost $490K, described as “Renovation of an existing 2008 code apartment. Reconfigure of existing interior partitions, cosmetic renovations and replacements. No change to occupancy / use, egress or fire protection under this application.”
- Alteration, filed Feb 24, 2026, estimated cost $1.0M, described as “Removal and construction of interior partitions, doors and ceilings as shown on drawings. No change in use, egress or occupancy.”
- Alteration, filed Sep 15, 2025, estimated cost $384K, described as “Interior renovation of the duplex apartment associated with the convenience stair reconstruction as shown on the plans file herewith. No change to use, egress or occupancy”
- Alteration, filed Jun 5, 2025, estimated cost $189K, described as “The work included in this application pertains to minor modifications to the 6TH floor (const. Flr) 12TH floor (marketing flr) interior fit out. There is no change to use occupancy or egress.”
- Alteration, filed Jun 1, 2025, estimated cost $100K, described as “Installation of new vestibule with steel supports including vertical posts, headers, soffit, skirts, and framing for metal panels as per drawings. No change in use, egress, or occupancy.”
- No Work, filed May 16, 2025, described as “TPA: Blancpain Grand Opening - 5/29/2025 - 3PM-10PM - 100 PERSONS”
- Alteration, filed Apr 22, 2025, estimated cost $41K, described as “Renovate or relocate bathroom and kitchen plumbing fixtures in the process of renovation filed under application # M01202731”
- Alteration, filed Mar 31, 2025, estimated cost $120K, described as “General construction to renovate apt #37B on the 36TH floor. Work will include demo of non-load bearing partitions, new flooring, and new plumbing fixtures. No change in use, egress, or occupancy under this filing.”
- Alteration, filed Mar 28, 2025, estimated cost $200K, described as “Interior renovation of Apartment 29E (15th Construction Floor) per drawings submitted herewith. Installation of new partitions, doors, floor, and finishes. No change to use, egress, or occupancy.”
- Alteration, filed Feb 11, 2025, estimated cost $5K, described as “Mechanical modifications to include installation of new ceilingtransfer fan and associated ductwork at an existing 67TH floor apartment. No change of use,occupancy or egress under this application.”
- Alteration, filed Jan 28, 2025, estimated cost $31K, described as “Sprinkler work associated with the renovation of an existing 67th floor apartment.”
- Alteration, filed Jan 13, 2025, estimated cost $510K, described as “Combine apartments 36A and 36B. Eliminate one kitchen. Remove and install minor interior partition work, finishes, etc. No change in use, egress or occupancy.”
- Alteration, filed Oct 25, 2024, described as “Installation of temporary plywood fence as per plan. No change in use,egress or occupancy.the plywood fence consisting odf sidewalk shed framework covered with plywood fence.”
- Alteration, filed Sep 20, 2024, estimated cost $460K, described as “General construction work associated with the renovation of an existing 67th floor apartment. There is no change proposed to use, egress, or occupancy.”
- Alteration, filed Aug 2, 2024, estimated cost $350K, described as “Interior renovation of existing retail. New partitions and millwork, new lighting, new finishes and flooring as shown on drawings. No change in use, egress or occupancy.”
- Alteration, filed Mar 5, 2024, estimated cost $178K, described as “Construction of new corridor connecting an existing freight elevator vestibule with an existing commercial lobby as shown on drawings. No change in use, egress or occupancy.”
- Alteration, filed Mar 4, 2024, estimated cost $120K, described as “Filing for the renovation of the Apt# 36B . Remove and install minor interior partition work, finishes, etc. No change in use, egress or occupancy.”
- Alteration, filed Feb 13, 2024, described as “Installation of temporary system pipe scaffold as per plan. No change in use, egress, or occupancy.”
76 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $143,696,715
- 2026–27 tax
- $15,198,789
- Market value (city estimate)
- $319,325,997
- Taxable value
- $128,081,690
- Assessed land
- $23,267,270
- Assessed improvements
- $120,429,445
- Condo units with their own tax lots
- 143
Tax breaks
- Co-op and condo abatement, with no end date, a $49,267 credit this tax year.
Zoning
C5-3 (part of the lot is C5-2.5): floor area ratio 16.96 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jul 30, 2026: $22,000,000, Apt 94
- Mar 16, 2026: $8,697,500, Apt 52B
- Feb 4, 2026: $52,500,000, Apt 78A, sold with other lots
- Jan 13, 2026: $450,000, Apt 18C
- Jan 13, 2026: $458,213, Apt 20C
- Aug 20, 2025: $14,650,000, Apt 52C
- Dec 11, 2024: $7,225,000, Apt 38C
- Oct 22, 2024: $3,021,035, Apt 29E
- Jul 30, 2024: $10,700,000, Apt 36A
- Jul 16, 2024: $1,350,000, Apt 28L
The 10 most recent of 178 open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Variance or special permit (Board of Standards and Appeals 4-12-BZ): Variance or special permit, Granted, filed Jan 11, 2012, decided Mar 27, 2012. Special Permit (§73-36) to permit the operation of a physical culture establishment (The Wright Fit). C5-3/C5-2.5 (MID) zoning district.
- Greater East Midtown - Special Subdistrict (City Planning P2016M0316): Completed, decided Aug 15, 2017. This is an application by NYC Department of City Planning requesting a text amendment to establish the East Midtown Subdistrict and extend the Special Midtown District, and to rezone a half-block area from C5-2 to C5-3 to reinforce the…
- 440 PARK AVENUE PUBLIC PLAZA POPS (City Planning P2013M0023): Completed, decided Dec 2, 2015. Chairperson's Certification pursuant to ZR 37-78 to allow for a 6,500 sf public plaza at 440 Park Avenue
- HOTEL DRAKE (City Planning P1988M0161): Completed, decided Feb 21, 1991. CONSENT FOR A DISTINCTIVE SIDEWALK TO REPLACE EXISTING*TERRAZZO WITH THE HOTEL DRAKE LOGO
- THE DRAKE HOTEL (City Planning P1984M0682): Completed, decided Feb 10, 1988. CONSENT TO INSTALL & MAINTAIN SIDEWALK LOGO
In the news
Phillips to Open Auction House and Gallery at 432 Park Avenue in Midtown, Manhattan, New York YIMBY, Apr 6, 2021.