Billionaires’ Row · Provenance Record
432 Park Avenue, 78th Floor (Units 78A & 78B)
$53,000,000 · recorded 2026
Midtown, New York, NY
The entire 78th floor of 432 Park Avenue passed through a very public foreclosure before its 2026 resale. Developer Harry Macklowe bought the two units for roughly $47 million in 2022, financed through the building's own sponsor, CIM Group — then defaulted, lost the units to foreclosure, and watched CIM sell them to a new buyer for $53 million in January 2026, a figure landing almost exactly on the debt CIM had once claimed he owed.
Contract Price
$53,000,000
Record Date
January 2026
Status
Closed (Distressed Resolution)
Property Type
Condominium (Full-Floor, Units 78A & 78B)
Seller
Entity tied to CIM Group (building sponsor)
Buyer’s Agent(s)
Not disclosed
Ownership Lineage
Every press-verified change of hands on record for this property, in order.
Purchased · approx. $47,000,000
Harry Macklowe buys three units, financed by CIM Group
Developer Harry Macklowe, co-developer of 432 Park Avenue, purchases units 78A and 78B (which together span the entire 78th floor) along with a smaller 28th-floor staff unit for roughly $47 million combined, financed through a mezzanine loan from CIM Group, the building’s sponsor.
Sources: Yahoo Finance / WSJ, The Real Deal
Foreclosure Filed
CIM Group moves to foreclose on Macklowe
CIM Group files to foreclose on the units after Macklowe defaults on the mezzanine loan, alleging he owed roughly $46 million. A planned foreclosure sale is scheduled, though the dispute continues in court.
Sources: The Real Deal, The Real Deal
Forfeited
Macklowe loses the units to CIM Group
Macklowe forfeits the 78th-floor units to CIM Group as part of the foreclosure process, ending his ownership stake in the two full-floor condominiums he had purchased three years earlier.
Sources: The Real Deal
Sold · $53,000,000
CIM Group-tied entity sells the floor at a contract price close to the disputed debt
A buyer in the building agrees to pay $53 million for units 78A and 78B. The seller is an entity tied to CIM Group, not Macklowe, who had lost control of the units the previous year. The $53 million figure lands close to the amount CIM had claimed Macklowe owed when it first moved to foreclose in 2023. A later industry sales tracker recorded the deal's final closing price as approximately $52.5 million, a modest concession from a $59.5 million ask.
Sources: The Real Deal, Yahoo Finance / WSJ, The Roebling Team (Compass)
Press Citations
Every fact on this page traces to one of these sources.
The Real Deal
Macklowe’s Forfeited 78th-Floor Condos at 432 Park Nab $53M Contract
The Real Deal broke the story of the $53 million contract, confirming the seller was an entity tied to CIM Group rather than Macklowe and detailing the foreclosure history.
January 2026
Yahoo Finance / The Wall Street Journal
Billionaires’ Row Developer Lost This 432 Park Home to Foreclosure — Someone Just Bought It for $50M
This report, syndicating Wall Street Journal reporting, confirmed Macklowe's original $47 million purchase price and the 2023 CIM Group foreclosure.
February 2026
The Real Deal
New York Judge Deals Setback for Harry Macklowe in 432 Park Legal Battle
The Real Deal's coverage of related litigation confirmed the units entered contract earlier in the year at a last asking price of $53 million and recapped the 2022 purchase and forfeiture.
June 2026
The Roebling Team (Compass)
432 Park Avenue — Sold Prices & Closing History
This closings tracker recorded the Unit 78 trophy transaction closing in February 2026 at approximately $52.5 million against a $59.5 million ask.
2026
How This Record Was Verified
- Method
- Compiled from public property records and their named press citations. This lineage reflects only transactions independently confirmed by the sources cited.
- Open entries
- Sources differ slightly on the final closing figure: The Real Deal and The Wall Street Journal reported the contract price as $53 million, while a separate closings tracker recorded the final closing at approximately $52.5 million. The buyer's identity and representation are not disclosed in the sources reviewed.
- Sources
- Every fact above carries its own citation, linked in the Press Citations section. Sourced from The Real Deal, The Wall Street Journal (via Yahoo Finance), and The Roebling Team at Compass.
- Corrections
- Unconditional and not contingent on any commercial relationship. See Corrections Policy.