Hong Kong exec buys Aman New York condo for $61.58M

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Amid an active several weeks in New York’s luxury property market, the city now has another big-bucks deal in the bag.

A foreign buyer has scooped up a full-floor unit on the 24th story of Fifth Avenue’s Aman New York in an off-market transaction.

The approximately 6,300-square-foot unit went into contract roughly six years ago as the project was under development, when it was priced at over $70 million, according to the Wall Street Journal, which first reported that the sale had finally closed for $61.58 million.

The buyer is Terence Chan, a Hong Kong-based private equity executive who is chairman of investment company Bay Area Capital Partners, according to the Real Deal. 

Aman handled both sides of the deal.

The dazzling residence, 24A, is the only one on the floor and one of 22 total apartments in the Midtown building, which is located across the street from Trump Tower, at 730 Fifth Ave. 

Chan’s new pad features four bedrooms, five bathrooms, a library and a home office.

A living room at Aman New York. Aman New York
A building bedroom. Aman New York
The Aman also includes spa-like bath retreats. Aman New York
The development’s spa. Courtesy of Aman Spa
A pool in the building. Aman New York
The building has two restaurants. Instagram

This deal comes on the heels of some other notable transactions in the luxury space. Not long after the new year, an anonymous buyer went into contract for a duplex in Central Park Tower for north of $100 million. Not long after, another anonymous buyer spent $72.5 million for a double-wide townhouse in Greenwich Village.

As for this Aman unit, and along with the other apartments there, it is located above the building’s hotel rooms and offerings — which include a three-story spa, two restaurants, a fitness center and a 67-foot indoor swimming pool. 

Condo owners can hire hotel services and become members of the tower’s Aman Club, which grants spa access, The Post previously reported when a 21st-floor condo sold for $53 million in 2022.

Closings at the property started back in 2022, when its conversion was completed, and although its penthouse went into contract for $74.34 million that July, it has still not closed. 

Although the building’s club — which has a $200,000 initiation fee — has received mixed reviews, the hotel (where rates start at $1,750) recently was among only two in the city to make it onto a list of the world’s 50 best overnight lodgings. 

It earned the 25th slot, following a slew of European retreats, including Aman Venice, which got 14th place. 

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