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
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
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”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

Tommy Hilfiger’s Greenwich estate sells for $45M

Tommy Hilfiger’s Greenwich estate sells for $45M
Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

Texas Realtor faces criminal charges for role in Capitol attack

Texas Realtor faces criminal charges for role in Capitol attack
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
Robert Frank with 1021 Park Avenue and Ben Lambert with 28 Laight Street (Getty, Google Maps)

Who’s buying and selling Manhattan homes? Last month’s notable deals

Who’s buying and selling Manhattan homes? Last month’s notable deals
arrow_forward_ios

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

Loading...