The good times are over: Luxury apartment flippers are getting left flat on their backs

An overabundance of condos without buyers could mean the end of easy money for resellers

First unit at 432 Park closes for $18.1M

A bathroom with a view in 432 Park

A bathroom with a view in 432 Park

Harry Macklowe is probably sighing with satisfaction now that his pencil-thin super tower at 432 Park has closed its inaugural sale.

The three-bedroom unit at #35B closed for nearly $18.12 million, according to city records spotted by 6sqft. The 4,003-square-foot apartment includes four-and-a-half baths, a private elevator landing and 10-foot-by-10-foot windows.

However, the owner of the unit will most likely remain a bit of mystery, as the name on the document appears as LLC, 432 PARKVIEW.  –Christopher Cameron