Celebrity jeweler Jacob Arabo recently purchased a two-bedroom condo at 432 Park Avenue for $16 million. According to New York Curbed, property records reveal that the celebrity home was filed under his wife Angela's name, and the couple paid a total of $16.67 million for the pad.
The 432 Park Avenue building is currently the tallest residential building in the world, and Arabo reportedly purchased a 3,576- square-foot luxury apartment on the 54th floor of the building. According to the Observer, some of the features of the unit include high ceilings and solid oak flooring. The bathrooms are also filled with Italian statuario marble.
The building's amenities include a private elevator landing and a library. It also has a 75-foot indoor swimming pool, a fitness center and a spa. Aside from that, it also features a yoga studio with en-suite dining and room service.
It was reported that several units have already been closed since its first recorded sale this January, and Douglas Elliman is handling the sales in the building. The building has a total of 96 floors and it has 30,000 square feet of amenities, some of which are a lounge, an outdoor garden and a private restaurant.
Arabo founded his jewelry company named Jacob & Co. in 1986, and his designs were said to be worn by famous celebrities like Beyoncé, 50 Cent, and Victoria Beckham. In 2008, he was sent to jail after he was discovered to have lied about his involvement in a drug ring. In 2010, all his charges that were related to falsifying and lying were dropped.
According to Celebrity Net Worth, he has a current net worth of $5 million. Up to this day, his high-end jewelry, watch and other accessories are well-known among hip-hop artists, and his prestigious clientele include Sir Elton John and David Beckham.
