A Saudi billionaire is in contract to buy New York City’s second-most-expensive condo — a $95 million penthouse-in-the-sky.
Fawaz Al Hokair, a retail/real estate kingpin worth an estimated $1.37 billion, reportedly signed a contract for the lofty unit at 432 Park Ave. in 2013, the Real Deal reported.
A spokesperson for the developers, Macklowe Properties and CIM Group, refused to confirm or deny the report.
If the sale closes, it would almost make history.
Last year, a mystery buyer — said to be an American family — bought the $100.5 million penthouse at rival billionaire building ONE57, which was the city’s tallest residential building for a New York minute, until 432 Park Ave. came along.
The building, designed by Rafael Vinoly, is 1,396 feet tall and boasts the city’s highest rooftop.
The $95 million full-floor sky-palace penthouse is 8,255 square feet and has six bedrooms and seven bathrooms.
Hokair is the founder of Fawaz Alhokair Group. Its business includes retail franchising of top Western brands through the Middle East, North Africa, Central Asia and the Caucasus, according to the Real Deal. Apartments in the building have yet to close. A spokesperson said the first move-ins could be as early as the fall.
The developers are keeping a tight lid on their buyers.
They include Howard Lorber, the head of Douglas Elliman, who bought a half-floor unit in the building on the 67th floor. That unit is now estimated to be worth around $30 million. Lorber’s partner, Bennett LeBow, also bought a half-floor unit — on the 64th floor. That unit is 4,100 square feet.