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 issue date 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
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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...

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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...

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

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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...

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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...

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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...

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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...

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

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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...

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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...

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07/08/15
...Holding Company, GreenOak Real Estate and Tokyu Land Corp.'s 425 Park Avenue. (more&hellip...

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06/25/15
Keller Williams NYC is planning to open a new office in Tribeca by September that will hold as many as 200 agents. Tags: eric barron,...

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06/12/15
...Rendering of 425 Park Avenue (credit: Foster + Partners) L&L Holding Company just broke...

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06/10/15
...kicked off construction on their full-block spec office tower at 425 Park Avenue Wednesday morning with an invigorating celebration involving 9 a.m. sake...
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  • Event Retail Leasing
  • Address 425 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 3,000
notes
The health food chain signed a 10-year lease with a five-year option for another location. The space consists of 2,200 square feet on the ground floor and 800 square feet on the mezzanine level.
  • 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 Financing
  • Address 425 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 7,400,000
  • Publication Date 07/01/2011
  • Event Date 05/22/2011
  • Party 1 425 Park South Tower
  • Party 2 NCB
notes
A $7.4 million first mortgage and a $500,000 line of credit were arranged for the 73-unit apartment building.
  • 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
  • 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.

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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...

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