Two condos priced at over $70M under contract at Zeckendorf’s 520 Park

The six-bedroom duplexes were on sale for between $73M and $83M

New York /
Jun.June 15, 2017 03:50 PM

Contracts for two condominiums asking more than $70 million at Zeckendorf Development’s TRData LogoTINY 520 Park Avenue were signed in the past week.

The six-bedroom duplexes on high floors were asking between $73 million and $83 million, the Wall Street Journal reported.

Both units span around 9,100 square feet, and feature 42-foot-long balconies, views of Central Park, a private interior elevator and 15-foot ceilings in some rooms. The exact asking prices or the identity of the buyers was not made public.

“Although we have seen an uptick in activity in recent months, especially amongst domestic buyers, sales have been consistent since our launch at the end of 2015. That being said, sales are certainly bolstered by the fact that we have now topped-off and are close to completing the limestone cladding,” developer Arthur Zeckendorf told the newspaper. He added that a number of residents from 15 Central Park West have purchased condos in the building.

The 34-unit building, which has a projected sellout of $1.25 billion, features a $130 million penthouse. If the unit sells at that price — and before Vornado Realty Trust’s $250 million condo at 220 Central Park South — it will be the most expensive apartment sale in New York City history. The current record is a unit that sold for $100.5 million at Extell Development’s One57.  [WSJ]Miriam Hall


Related Articles

arrow_forward_ios
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Ryan Serhant and Bess Freedman (iStock, Illustration by Kevin Cifuentes for The Real Deal)
Ryan Serhant fires back at Bess Freedman, calls legacy brokerages “scared”
Ryan Serhant fires back at Bess Freedman, calls legacy brokerages “scared”
25 North Moore Street (Compass, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Manhattan luxury market slumps back toward normal
Manhattan luxury market slumps back toward normal
281 President Street and 1 John Street, Brooklyn (Streeteasy, Compass, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Jumbo Dumbo condo claims top Brooklyn contract
Jumbo Dumbo condo claims top Brooklyn contract
Johnson & Johnson's James Burke with 35 Potato Road/543 Daniel’s Lane (Johnson & Johnson, Realtor)
Sagaponack waterfront estate sells for almost $48M
Sagaponack waterfront estate sells for almost $48M
Nest Seekers’ Bianca D’Alessio and Mia Calabrese (Nest Seekers, StreetEasy)
Brooklyn Heights penthouse breaks rental record
Brooklyn Heights penthouse breaks rental record
Competition for Rentals Heats Up in Manhattan, Brooklyn, Queens
Is Airbnb playing a role in NYC’s skyrocketing rents?
Is Airbnb playing a role in NYC’s skyrocketing rents?
A Smurf house? (Caldwell Banker)
Smurf-erriffic! Michigan home seems to be inspired by cartoon
Smurf-erriffic! Michigan home seems to be inspired by cartoon
arrow_forward_ios

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

Loading...