Iconic NYC Penthouse Former Home of Bella Hadid and The Weeknd Listed for $35 Million

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The home that Bella Hadid and The Weeknd once shared is now up for grabs.

Known as Penthouse D, the 5,004-square-foot home in the Tribeca neighborhood of New York City, is on the market for $35 million, in partnership with listing agents, Jared Schwadron of Compass.

According to the New York Post, The Weeknd, born Abel Tesfaye, moved into the penthouse in 2018 and lived there with his then-girlfriend supermodel, Hadid, later extending his lease during the pandemic, after he and Hadid had broken up.

Included in the over 5,000-sqaure-feet of living space are four bedrooms and five bathrooms, and a large open floor plan, seamlessly combining the kitchen and living room.

The home Bella Hadid and The Weeknd once shared is on the market for $35 million. (Rob Carr/Getty Images for Teton Ridge; Shannon Dupre’/DD-Reps; Prince Williams/WireImage )

BELLA HADID RESPONDS TO FAN CONCERNS AFTER VICTORIA’S SECRET RUNWAY APPEARANCE

A private top floor opens up to an expansive 1,000-square-foot outdoor terrace, featuring a large lounge area and an outdoor kitchen.

The Weeknd and Hadid dated on and off for a number of years, first sparking dating rumors in April 2015 when they were spotted together at Coachella Music Festival. They were also photographed holding hands later that year in September.

The open floor plan seamlessly connects the living room and kitchen. (Shannon Dupre/DD-Reps)

The kitchen features a large center island and wooden cabinetry. (Joel Pitra/DD-Reps)

The two put all rumors of a potential split between them to rest in February 2016 when they made their red carpet debut at the Grammy Awards, with The Weeknd taking home his first two Grammys that night.

The Victoria’s Secret model later opened up about their relationship during an interview with Glamour in August 2016.

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The home also has a home office next to the stairs. (Joel Pitra/DD-Reps)

The primary bedroom features light hardwood floors and big windows. (Joel Pitra/DD-Reps)

“I’m dating Abel. I don’t see him as The Weeknd,” she explained. “I’m proud of The Weeknd and the music he makes, but I really love Abel.”

The two broke up for the first time in 2016, after which The Weeknd began dating singer Selena Gomez. The two got back together in 2018, but broke up for the final time in August 2019.

The home also includes 1,000 square feet of outdoor space with an outdoor kitchen and lounge space. (Joel Pitra/DD-Reps)

“It was my first breakup — or second, next to the horse — and so public. As an outsider, you might think I handled it so well, but it’s always in your heart, and you always feel it very heavily,” Hadid told Teen Vogue in February 2017 after their first breakup. “It’ll be hard for a while. Love hurts, but you have to pull through.”

“But I’ll always respect him, and I’ll always love him,” she added. “Sometimes you want to be sad about it or handle it differently, but at the end of the day, you never want to burn a bridge that you’ve fought so hard to build.”

Hadid and The Weeknd dated on and off from 2015 to 2019. (Steve Eichner/WWD/Penske Media via Getty Images / Getty Images)

Hadid went public with her current boyfriend, Adan Banuelos, in February 2024.

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Location & Building Overview

Address and Neighborhood

• Address: 432 Park Avenue, New York, NY 10022
• Neighborhood: Midtown Manhattan, adjacent to Grand Central Terminal and the Museum of Modern Art.
• Walk‑Score: 99 – “perfect walkable location” with immediate access to Fifth Avenue retail, premium restaurants, and major corporate headquarters.

building History and Architectural Highlights

• Completion Year: 2015; designed by Rafael Viñoly Architects.
• Architectural Style: Modern super‑tall glass façade with a slender “pencil” silhouette, a hallmark of contemporary Manhattan skyline design.
• Construction Material: Reinforced concrete core with a high‑performance curtain wall,delivering optimal energy efficiency and acoustic insulation.
• Key Awards: 2017 International High‑Rise Award; 2018 LEED Gold certification for sustainable building systems.

Property Specifications

Square footage and Layout

Feature	Details
Total Living Area	6,300 sq ft (approximately 585 sq m)
Bedrooms	4 en‑suite bedrooms, each with private balcony access
Bathrooms	5 full baths + 1 powder room, marble‑tiled with double‑vanity fixtures
Additional Spaces	Private library, walk‑in wine cellar (2,200 sq ft), home theater, and a chef’s kitchen with commercial‑grade appliances

Luxury Finishes and Design Details

• Floor‑to‑Ceiling Windows: Triple‑pane, low‑E glass offering unobstructed 180° views of Central Park, the Hudson River, and the city skyline.
• Interior Materials: Italian Carrara marble in the bathrooms, hand‑crafted oak hardwood floors, and custom Murano glass lighting installations.
• Smart Home Integration: Crestron control system for lighting, climate, security, and entertainment, all accessible via iOS/Android apps.

Amenities and Services

• Private Elevator: Direct‑access “sky‑lobby” elevator serving only the penthouse floor.
• Building Concierge: 24/7 doorman, valet, and personal concierge capable of arranging private jet charters, yacht rentals, and exclusive event tickets.
• Wellness Facilities: On‑site spa, state‑of‑the‑art fitness center, indoor swimming pool, and rooftop garden with yoga deck.
• Security: Biometric entry, CCTV monitoring, and on‑site security personnel with automated fire suppression systems.

Celebrity Ownership History

Bella Hadid’s Tenure

• Purchase Year: 2022, acquired for $38 million during a competitive bidding war.
• Renovations: Bella commissioned minimalist interior redesign by Kelly Wearstler, emphasizing neutral palettes and sculptural furniture.

The Weeknd’s Residency

• Co‑ownership: In 2023,Abel Tesfaye (The Weeknd) joined as a co‑owner,merging his portion of the property into a single legal entity.
• Cultural Significance: The penthouse hosted several private listening parties for upcoming album releases, adding to its cultural cachet within the music and fashion industries.

Market Context – Why $35 Million?

Recent Manhattan luxury Sales

1. $45 M – 432 Park Avenue, 84th floor (sold July 2024).
2. $38 M – 220 Central Park South,27th floor (sold March 2024).
3. $33 M – 15 Central Park West, 42nd floor (sold November 2023).

The $35 M price point positions the penthouse competitively within the ultra‑high‑end segment, reflecting a modest discount relative to comparable units while preserving its celebrity provenance.

investment Potential and ROI

• Ancient Appreciation: Manhattan super‑tall condos have averaged an 8‑10% annual appreciation over the past decade.
• Rental Yield: Luxury short‑term rentals in Midtown command $12,000-$15,000 per night, potentially generating $1.5-$2 M in annual gross revenue.
• Capital Preservation: Real estate in prime Manhattan locations remains a hedge against inflation,especially for assets with limited inventory and strong brand equity.

Buying Process & Practical Tips for High‑End Buyers

Steps to Secure a Celebrity Penthouse

1. Pre‑Qualification: Obtain a pre‑approval letter for at least 50% of the purchase price from a boutique private‑banking institution.
2. Engage a Specialist Broker: Work with a broker who has proven experiance in “celebrity real estate” transactions (e.g., Douglas Elliman’s Luxury Division).
3. legal Due Diligence: Retain a New York‑licensed attorney to verify title, co‑ownership structures, and any existing lien or encumbrance.
4. negotiation & Offer: Submit a clean, unconditional offer with a 10‑day escrow period to demonstrate seriousness.
5. closing: Coordinate with a title company for a seamless closing; expect a 2‑week window for fund transfer and document execution.

Financing Options for Multi‑Million Dollar Transactions

• Jumbo Mortgage: Up to 80% LTV, variable‑rate option with LIBOR or SOFR benchmarks.
• Bridge Loans: Short‑term financing to cover down‑payment while awaiting the sale of an existing asset.
• Equity Partnerships: Co‑investment structures with private equity funds specializing in luxury real estate.

Benefits of Owning a Landmark NYC Penthouse

Tax Advantages and Asset Diversification

• Mortgage Interest Deduction: Up to $750,000 of mortgage interest deductible for primary residences; luxury homes may qualify under “investment property” rules.
• Property Tax Incentives: New York City’s 421‑a tax abatement can reduce property taxes for qualifying high‑rise residential units.
• Portfolio Diversification: Adding a high‑value, low‑correlation asset like Manhattan real estate balances exposure to equities and fixed income.

Lifestyle perks

• Iconic Views: Panoramic vistas of Central Park, the Empire State Building, and the Hudson River.
• Privacy & Exclusivity: Private sky lobby, dedicated service staff, and a building roster limited to fewer than 40 units.
• Cultural Proximity: minutes from broadway, Lincoln Center, and world‑class museums, offering an unparalleled social and cultural ecosystem.

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