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New York

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

The unit spans more than 9K sf

James Dyson and 520 Park Avenue
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.

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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