Saudi Arabian retailmagnate Fawaz Al Hokair looks to have closed on his penthouse at 432 Park Avenue for .7 million. The deal marks the sale of the city’s highest residence and the biggest closed sale in New York for 2016 thus far.

The buyer, who multiple insiders confirmed was Al Hokair, closed on the apartment for a whopping ,623 per square foot (4,346 per square meter), as property records filed with the city on September 15 show. On a per-square-foot basis, it appears to be one of the priciest deals ever made in the city.

The 8,255-square-foot (767-square-meter), full-floor penthouse was asking million, or just over ,500 per square foot (3,786 per square meter). Al Hokair went into contract on the property in 2013, according to multiple news reports. The apartment features a wood-burning fireplace, heated bathroom floors, and the building’s signature 10-foot-by-10-foot (three-meter-by-three-meter) windows.

A representative for Macklowe Properties, which developed the building in partnership with CIM Group, did not immediately respond to a message seeking comment.

Prior to this transaction, the priciest closed sale in the building was a full-floor unit for .1 million. During the week of September 12, a member of the Mikati family closed on a three-bedroom condo for million. A penthouse that was asking .5 million is also under contract.

The city’s priciest closed sale remains a pad at One57, which went for 0.5 million. Others on the podium include an million deal at The Tower at 15 Central Park West.