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425 Park Avenue

425 Park Avenue
New York, NY
Website
425 Park Avenue
  • Address 425 Park Avenue
  • neighborhood Plaza District
  • borough Manhattan
  • owner/developer L&L Holding
  • architect Norman Foster
  • PLANS DISCLOSED 09/18/2013
  • FILE DOB PLANS 09/18/2013
  • height in feet 905
  • square feet 512,693
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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...
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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...
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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...
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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...
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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
Manhattan’s great builders are also its most fearsome destroyers. Tags: chetrit group, demolition, extell development, icon realty management, SL Green Realty, trinity real estate ...
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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
Japanese investors are returning to New York’s commercial real estate market to an extent not seen since the country’s economic downturn of the 1990s, with...
09/16/15
Current reader favorites: 1. Compass raises $50M in Series C; now valued at $800M 2. The Bronx hits (new) tipping point 3. Industry City’s best...
09/15/15
Current reader favorites: 1. 425 Park Avenue sees record $300-per-square-foot rent deal 2. Chinese are spreading their wings in NYC, resi experts say at TRD...
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09/14/15
Hedge fund Citadel has agreed to pay $300 per square foot for the penthouse portion of its new 200,000-square-foot space at L&L Holding’s 425 Park Avenue, breaking...
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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...
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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...
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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
Investment firm Citadel could become the anchor tenant of L&L Holding Company, GreenOak Real Estate and Tokyu Land Corp.’s 425 Park Avenue. Tags: 425 park avenue,...
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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
L&L Holding Company just broke ground on its 47-story office tower at 425 Park Avenue this week, but the developer is already envisioning great things...
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06/10/15
L&L Holding Company and partners kicked off construction on their full-block spec office tower at 425 Park Avenue Wednesday morning with an invigorating celebration involving...
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06/03/15
L&L Holding Company and GreenOak Real Estate secured a $556 million construction loan to build a new 47-story office tower at 425 Park Avenue. Tags:...
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02/20/15
No developer who truly respected architecture would release a rendering like the one for One Hundred East Fifty Third Street that Aby Rosen has chosen...
ARTS DESIGN PARKTOWER
02/02/15
L&L Holding’s planned skyscraper at 425 Park Avenue, which will break the four-decade-long freeze on the architecturally-renowned street’s new office construction, is being built entirely...
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11/13/14
425 Park Avenue L&L’s 425 Park gets a new design. Developers shell out cash for small scale models of condo projects. Architect George Ranalli moving...
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04/15/14
Zhann Jochinke of Keller Williams is leaving the real estate firm’s Manhattan office to head up the company’s new outpost in Dubai. Tags: Dubai, keller...
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03/10/14
The Department of Buildings has given L&L Holdings the green light for a planned 42-story tower at 425 Park Avenue. Tags: 425 park avenue, L&L...
From left: David Levinson and 425 Park Avenue
11/14/13
Despite the crash and burn of the Bloomberg administration’s Midtown East rezoning plan, L&L Holding’s 41-story office tower at 425 Park Avenue is moving full...
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  • 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
notes
The 85-year ground lease was sold. Price n/a.
  • 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
  • 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 Retail Leasing
  • Address 425 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 3,000
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Brokerage Buchbinder & Warren
  • Party 1 Broker William Abramson
  • Party 2 Fresh & Company
  • Party 2 Brokerage Jack Terzi Real Estate
  • Party 2 Broker Albert Sultan
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
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 Lebhar Friedman
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Jeffrey Rosenblatt
  • Party 2 Keller Williams Realty
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Jeffrey Rosenblatt
notes
The residential brokerage signed a sublease on the sixth floor. The building is owned by L&L Holding Company.
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 Realty, 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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