The Buyers Behind the Roughly $70 Million Deal at 432 Park Won’t Have to Move Too Far

Yossi Benchetrit and his wife, Gaëlle Pereira Benchetrit, already own an apartment on one of the New York supertall’s lower floors

Yossi Benchetrit and his wife, Gaëlle Pereira Benchetrit, are in contract to buy a unit at 432 Park Avenue for roughly $70 million.

Photo: Taidgh Barron/ZUMA Press

The buyers behind a $70 million deal in contract at New York’s 432 Park Avenue are no strangers to the building: They already own a condo there, according to people familiar with the deal. 

The buyers are Yossi Benchetrit and his wife, Gaëlle Pereira Benchetrit, who own an apartment on a lower floor of the building, the people said. Mr. Benchetrit is the chief procurement and programming officer at the cable television company Altice USA, and his wife is the founder and owner of the cosmetics clinic Clinique des Champs Elysées New York. The Benchetrits couldn’t be reached for comment. 

The Benchetrits paid $23.87 million for a four-bedroom apartment at 432 Park in 2016, records show. Spanning about 4,500 square feet, that unit is about half the size of their new apartment, according to listings website StreetEasy.

The seller of the roughly $70 million apartment is a limited partnership known as Blessings Investments, which is linked to the British pharmaceutical magnate Meeta Patel, according to a person familiar with the deal. Ms. Patel and her brother ran the British generic pharmaceutical company Auden Mckenzie, which sold in 2015 to Actavis PLC for roughly $459 million. The company was later fined retroactively for charging the U.K.’s National Health Service “excessive and unfair” prices for the drug hydrocortisone, according to the country’s Competition and Markets Authority.

The deal, which hasn’t yet closed, would be the priciest residential sale in New York City so far this year and one of the largest to close since the onset of the pandemic. It comes amid a legal battle between the developer of 432 Park and its condo board over alleged construction defects.

The seller in the transaction is being represented by Ryan Stenta at Douglas Elliman and Carrie Chiang of the Corcoran Group. The buyer is represented by Jason Haber of Compass.

Write to Katherine Clarke at Katherine.Clarke@wsj.com

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