The Real Deal New York

Another 520 Park penthouse sale has closed

This one sold for $30 million
By Meenal Vamburkar | December 06, 2018 02:30PM

520 Park Avenue

UPDATED, Dec. 6, 4:45 p.m.: Closings at Zeckendorf Development’s 520 Park Avenue keep rolling in — and the latest is another penthouse.

The unit sold for $30 million, according to records filed with New York City’s Department of Finance. The anonymous buyer is listed in records as “520 Park Unit PH49 Investor, LLC.”

The penthouse was previously listed at $36 million. The home spans about 4,300 square feet and has six bedrooms.

The signatory for the buyer, attorney Lee Weiss at Sheppard Mullin, didn’t immediately respond to request for comment.

Another deal also hit property records on Thursday. Unit 25 sold to an anonymous buyer for $21 million. It marked the third closing at 520 Park to hit property records this week. The previous sale was also for $30 million. The buyer is a trust associated with James Lippman, the founder and CEO of JRK Property Holdings.

Some of the priciest units at the Robert A.M. Stern-designed project have already closed. Among them was billionaire investment banker Ken Moelis’ purchase of a $62 million penthouse. Vacuum cleaner mogul James Dyson also snagged penthouse 60, paying nearly $74 million. A triplex that was listed for $130 million remains on the market.