James Dyson vacuums up 520 Park Avenue pad for $74M

The unit spans more than 9K sf

TRD New York /
Nov.November 20, 2018 09:15 AM

James Dyson and 520 Park Avenue

Vacuum cleaner mogul James Dyson has closed on his $73.8 million penthouse at Zeckendorf Development’s 520 Park Avenue.

520 Park Avenue

The billionaire purchased a six-bedroom penthouse that spans more than 9,000 square feet and features a 279-square-foot balcony, the New York Post reported. The 54-story tower is also a short walk from Dyson’s new flagship store at 640 Fifth Avenue.

Other reported buyers in the Robert A.M. Stern-designed building include UFC billionaire Frank Fertitta and Bob Diamond, former CEO of Barclays.

Closings in the building began in September. Ronn Torossian, founder of 5WPR, was the first to close on his $16.9 million unit.

The New York Attorney General declared the building’s offering plan effective about a year ago. At the time, the Zeckendorfs indicated that they were aiming for a $1.2 billion sellout. [NYP] — Kathryn Brenzel


Related Articles

arrow_forward_ios

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

arrow_forward_ios