425 Park Avenue | The Real Deal New York

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425 Park Avenue

425 Park Avenue
New York, NY 10022
(212) 920-3378
Website
Office, Retail, New Construction, Leasing/Rental, Other
425 Park Avenue
  • Address 425 Park Avenue
  • neighborhood Plaza District
  • borough Manhattan
  • owner L&L Holding
  • developer L&L Holding
  • owner entity 425 PARK OWNER LLC
  • architect ADAMSON ASSOCIATES
  • PLANS DISCLOSED 09/18/2013
  • dob permit issued 08/18/2014
  • DOB FILE PLANS 09/18/2013
  • DOB FILE Link
  • height in feet 905
  • floors 42
  • square feet 511,538
  • block and lot 1-01310-0001
  • BIN 1036505

667_madison
09/20/16
Leonard Stern’s Hartz Group refinanced its signature property at 667 Madison Avenue with a $254 million loan from Deutsche Bank, according to property records filed...

A 14,000-squarefoot bi-level dining venue is coming to 425 Park Avenue and chef Joël Robuchon
09/11/16
...A 14,000-squarefoot bi-level dining venue is coming to 425 Park Avenue and chef Joël Robuchon From Luxury Listings NYC: Foodies...

390-Madison fbox
08/30/16
While the long-awaited Midtown East rezoning plan would allow buildings up to 30 percent taller, one developer ain’t waiting. L&L Holding Co. found workarounds to the...

225px-277parkave copy
08/22/16
...From left: 277 Park Avenue, 270 Park Avenue, 299 Park Avenue and 425 Park Avenue It may get a whole lot easier to find office...

113 119 East 55th Street
07/01/16
Sabr Group, a Midtown-based financial consulting firm, picked up a portfolio of four contiguous Midtown East townhouses from three different owners for $54 million, or...

390
06/14/16
Following its $2 billion merger with DTZ last year, Cushman & Wakefield is negotiating for a new, consolidated headquarters to anchor L&L Holding’s unique overhaul...

Boston Properties resident Doug Linde alongside 767 fifth avenue
04/27/16
It’s not just Manhattan’s residential market that is feeling the effects of a supply glut and greater economic uncertainty, according to Boston Properties. The city’s...

feb-leases-feature
03/18/16
...inked a 211,400-square-foot lease at L&L Holding’s 425 Park Avenue in Manhattan’s Plaza District. To see the full list...

ftdezeen_425-Park-Avenue-by-Foster-Partners_1sq
03/15/16
...Rendering of 425 Park Avenue (credit: DBOX for Foster + Partners) The screws keep turning tighter...

142-West-47-FB
03/01/16
Mitsubishi Corporation, a cousin company to the firm that lost Rockefeller Center to lenders in the 1990s, has bought a 98.6 percent stake in the office-and-retail...

NGKF-office-blocksFB
01/29/16
There are more large office blocks available in Midtown now than at any time in recent history, and landlords who don’t want to watch their...

405 Park Avenue
01/15/16
In one of the city’s first major commercial investment sales of 2016, MRP Realty and Deutsche Bank Asset Management are in contract to purchase Donerail...

GM Building 11 Madison 51 Astor thumb
01/13/16
Triple-digit rents used to be reserved for just a handful of New York City’s spiffiest office buildings, but a new report sheds light on the...

601 Lexington Avenue ft
12/29/15
...Wood represented Publicis, while Rudin was represented in-house. Renderings of 425 Park Avenue in Midtown (credit: DBOX for Foster + Partners) Citadel, the Ken...

jan-10-pg-98-david-levinson feat
10/22/15
Lubert-Adler is selling its 95 percent stake in the ground lease at 114 Fifth Avenue in Flatiron, banking roughly $53 million in profit. Allianz Real Estate...

demolition-man-1-1024-e1445520784608-300x189
10/22/15
...Side, 500 East 14th Street in the East Village, Gary Barnett, 425 Park Avenue in Midtown and Robert Lapidus Manhattan's great builders are also...

ft220_exterior
10/04/15
Billionaire hedge fund manager Kenneth Griffin seems to have taste for tony homes. Over the last two years, the Citadel CEO has gone on a...

From left: Rendering of 525 West 52nd Street (credit: Handel), rendering of 425 Park Avenue (credit: Foster + Partners) and 370 Lexington Avenue
09/28/15
...Rendering of 525 West 52nd Street (credit: Handel Architects), rendering of 425 Park Avenue (credit: Foster + Partners) and 370 Lexington Avenue Japanese investors are returning...

09/16/15
...Bronx hits (new) tipping point 3. Industry City's best laid plans 4. 425 Park Avenue sees record $300-per-square-foot rent deal 5. Rambleside offers $507M for two...

09/15/15
...Current reader favorites: 1. 425 Park Avenue sees record $300-per-square-foot rent deal 2. Chinese are spreading their wings...

ftdezeen_425-Park-Avenue-by-Foster-Partners_1sq
09/14/15
...A rendering of 425 Park Avenue (Credit: VISUALHOUSE for Foster + Partners) Hedge fund Citadel has agreed...

058 Day in the Life se FINAL.indd
09/10/15
Keller Williams NYC’s Eric Barron is no longer CEO of the residential brokerage, The Real Deal has learned. His departure, after four years at the helm of the...

1155 Sixth ft
07/13/15
Residential brokerage Keller Williams NYC is moving its Manhattan headquarters to a 30,000-square-foot space at 1155 Sixth Avenue in Midtown. Tags: 425 park avenue, dow...

Aby Rosen and Lever House-
07/08/15
Aby Rosen’s RFR Realty defaulted on the mortgage for Lever House, its prized Midtown office tower, after it was unable to refinance its mortgage over...

425-park-thumb
07/08/15
...Holding Company, GreenOak Real Estate and Tokyu Land Corp.'s 425 Park Avenue. (more&hellip...
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  • Event Office Leasing
  • Address 425 Park Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 200,000
  • Amount Price 1
notes
The hedge fund signed a lease for the penthouse floors of the property.
  • Event Office Leasing
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 25,000
notes
The residential brokerage signed a sublease on the sixth floor. The building is owned by L&L Holding Company.
  • Event Sales
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 315,000,000
  • Publication Date 07/01/2011
  • Event Date 05/22/2011
  • Party 1 Goelet family
  • Party 2 TIAA-CREF
notes
The land underneath the building sold for $315 million.
  • Event Sales
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 600,000
  • Price $ 1,000,000,000
  • Price per foot $ 1,666.67
  • Publication Date 11/01/2006
  • Event Date 09/22/2006
  • Party 1 Goelet family
  • Party 2 L&L Holding Co.
notes
An 84-year ground lease sold for approximately $1 billion, plus rent over the term. The lease does not begin until 2015. The current state of disrepair has led speculation that the building may be razed and rebuilt.
  • Event Sales
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
notes
The 85-year ground lease was sold. Price n/a.

feb-leases-feature
03/18/16
CBRE represented the most tenants in the 10 largest leases disclosed that were signed last month, an analysis of CoStar Group data and industry sources revealed. The...

601 Lexington Avenue ft
12/29/15
New York City's most lucrative office leases of 2015 Step into my (very pricey) office. The 10 most lucrative New York City office leases signed in...

demolition-man-1-1024-e1445520784608-300x189
10/22/15
Manhattan’s great builders are also its most fearsome destroyers. Tags: chetrit group, demolition, extell development, icon realty management, sl green, trinity real estate ...

Click for larger view
Call them the in-betweeners. They’re too small for the top firms list and too big for the boutiques. They’re New York City’s mid-size residential firms....

Click to enlarge
Despite a small flurry of deals last month, 2012 was one of the slowest years in recent memory for office leasing. Total leasing volume for...

Heiberger and Osher
Town Residential founder Andrew Heiberger (left) and Core founder Shaun Osher (right) Manhattan’s residential brokerage heavyweights are seeing the benefits of a recovering market, it seems....
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