Saudi retail and real-estate magnate Fawaz Al Hokair is listing his NYC penthouse at 432 Park Avenue according to the Wall Street Journal.
That prince is nearly twice the $95 million Al Hokair paid for the property in 2016. The news comes with an overall uptick in the NYC’s luxury market, which was decimated by the COVID pandemic, but has rebounded. Two condos at nearby 220 Central Park South recently sold for a combined $157.5 million.
Million Dollar Listing‘s Ryan Serhant has been tapped to market the home but he declined to comment on the seller’s reasons for the listing.
The 96th floor apartment is over 8,000 square feet with six bedrooms, a custom onyx dining room table, a library and more. Notable residents of 432 Park have included Jennifer Lopez and ex-boyfriend, Alex Rodriguez.