Fawaz Alhokair mulls New York apartment sale for $170 mln: sources

29/06/2021 Argaam

432 Park Avenue residential skyscraper 

Saudi retail and real estate baron, Fawaz Alhokair, is planning to list his penthouse at 432 Park Avenue – one of New York’s most luxurious condominiums – for $170 million, Wall Street Journal reported, citing sources.

 

The proposed sale price is almost twice what Alhokair paid for the property in 2016. If it sells for the above-mentioned price, the property will be among the most expensive ever sold in the United States.

 

According to data compiled by Argaam, Fawaz Alhokair purchased the top apartment in a skyscraper located in Manhattan, New York, for $87.7 million.

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