Harry Macklowe’s onetime home at 432 Park is selling for $50M

The full-floor 432 Park Ave. home of real estate magnate Harry Macklowe is changing hands.

The supertall’s developer is offloading Macklowe’s former spread for more than $50 million, the Wall Street Journal reported.

The news follows sluggish sales and legal drama for the supertall edifice.

Macklowe helped build and designed the 1,396-foot-tall tower.

Ongoing lawsuits filed by 432 Park’s condo board allege chronic structural issues, ranging from cracks in the concrete facade to noisy trash chutes. The building’s sponsor has denied the allegations.

California-based developer CIM Group has reportedly found a willing buyer among the Billionaires’ Row building’s current owners.

The transaction consists of two separate 78th-floor units spanning roughly 8,300 square feet. It’s unknown if Macklowe’s third investment, a smaller 28th-floor home designed for staff, is included in the deal.

Entities tied to Macklowe spent $47 million on the properties in 2022. Loans linked to CIM Group financed the purchase.

One of the four-bedroom units was furnished with modern art and minimalist furniture, according to prior listing photos shared with the Journal. Macklowe’s additions included a custom-designed, blue glass bath tub in the shape of an egg. The second unit was reportedly meant for Macklowe’s ex-wife, Linda Macklowe, and remains unfinished.

The reported sale comes three years after CIM Group foreclosed on Macklowe’s spread in 2023, alleging that the dealmaker was living large while defaulting on $46 million in loans.

Macklowe surrendered his purchasing entities’ equity in the building to a CIM-tied lender in June 2025, according to bankruptcy records uncovered by the Journal. That didn’t stop Macklowe from trying — and failing — to list the properties for $75 million in July.

Serhant’s Glenn Davis and Nicholas Compagnone represented CIM Group in the newest transaction.

Macklowe continues his search for a buyer out east, where his East Hampton home is currently listed for $38 million. Macklowe made prior renovations to the five-bedroom mansion without the necessary permits, making it impossible for any buyer to live there without a certificate of occupancy.