Colorful industrial designer Karim Rashid’s Hell’s Kitchen townhouse condo is in contract.

It was last asking $4.32 million.

The 2,767-square-foot duplex, part of the Dillon at 425 W. 53rd St., first went on the market for $4.75 million last year.

It features an 808-square-foot landscaped terrace and a private front courtyard.

There’s also a 20-foot-wide living area, 13-foot ceilings, an open chef’s kitchen and wide-plank hardwood floors throughout.

Building amenities include a gym, a residents’ lounge, a dining hall with a catering kitchen, a children’s playroom and a common terrace.

The listing brokers are Corcoran’s Avi Alkotzer and Vanessa Rodriguez.