432 Park Avenue is a
supertall residential building in
midtown Manhattan,
New York City, with 104 condominium apartments. It was developed by CIM Group. Originally proposed to be in 2011, construction began in 2012, it was topped out on October 10, 2014 and completed on December 23, 2015. The building required the demolition of the 495-room
Drake Hotel, which was built in 1926. In 2006, the hotel was sold for $440 million to developer
Harry Macklowe, and the hotel was demolished the year afterward. The site became one of New York's most valuable development sites due to its location, between East
56th and
57th Streets on the west side of
Park Avenue.