Duplex PH at Zeckendorf’s 520 Park asks $70M

Four units listed at luxury condo tower starting at $17M

New York /
Apr.April 28, 2015 01:05 PM

A duplex penthouse asking $70 million is one of four new units at Zeckendorf Development’s highly anticipated 520 Park Avenue residential tower to officially hit the market.

The four units listed include the $70 million duplex penthouse on the 40th floor, a $32.6 million full-floor residence on the 33rd floor, another full-floor apartment asking $26.7 million on the 28th floor and a $16.6 million apartment on the 16th floor.

The 54-story tower, slated for completion in 2017, will feature only 31 units starting at around $16 million, according to Crain’s. The building’s triplex penthouse is asking a whopping $130 million, with a total sellout valued at $1.2 billion.

Zeckendorf tapped Corcoran Group and Brown Harris Stevens alumnus Louis Buckworth to market the Robert A. M. Stern-designed development, which acquired its Park Avenue designation thanks to an air rights deal.

Zeckendorf received a $450 million construction loan from a British hedge fund last year to fund the project. [Curbed]Rey Mashayekhi


Related Articles

arrow_forward_ios
Kuwait’s consul general in New York, Hamad Al-Hazeem and 50 United Nations Plaza (Credit: Google Maps)

Kuwait’s consul general buys 50 UN Plaza pad for $16M

Kuwait’s consul general buys 50 UN Plaza pad for $16M
(Credit: iStock)

No more playrooms, pools or gyms as NYC resi buildings hunker down

No more playrooms, pools or gyms as NYC resi buildings hunker down
William Zeckendorf and his brokerages are making moves. (Credit: iStock, Getty Images)

William Zeckendorf wants to build an army of NYC homeowners

William Zeckendorf wants to build an army of NYC homeowners
113-119 East 55th Street and Arthur Zecekndorf of Zeckendorf Development (Credit: Meridian Investment Sales and Getty Images)

These are the details on Zeckendorf Development’s latest residential project

These are the details on Zeckendorf Development’s latest residential project
From left: 520 Park Avenue with William Zeckendorf and 240 Centre Street (Credit: Wikipedia, Getty Images, StreetEasy)

These are some of the most notable resi sales in NYC this week

These are some of the most notable resi sales in NYC this week
From left: 116 University Place, J.K. Simmons, Alex von Furstenburg and 432 Park Avenue (Credit: Streeteasy and Getty Images)

These are the most notable luxe residential sales around NYC this week

These are the most notable luxe residential sales around NYC this week
Ramona Singer and her home at 201 East 80th Street (Credit: Getty Images, Douglas Elliman)

Real Housewife Ramona Singer parts with UES home for $4M

Real Housewife Ramona Singer parts with UES home for $4M
Jon Bon Jovi and 722 Navesink River Road

Bon Jovi’s Robert A.M. Stern-designed New Jersey mansion is on the market

Bon Jovi’s Robert A.M. Stern-designed New Jersey mansion is on the market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...