Another unit at 520 Park closes, this time
for $17M

Unit's asking price was $18.2M

TRD New York /
Dec.December 11, 2018 01:00 PM

520 Park Avenue with William and Arthur Zeckendorf (Credit: Getty Images)

The latest unit to close at Zeckendorf Development’s 520 Park Avenue sold for $17 million.

The anonymous buyer of Unit 14 is listed as “Park and Stone Associates LLC,” according to records filed with New York City’s Department of Finance. The LLC was incorporated in March, in the care of real estate attorney Pierre Debbas.

The asking price for the 14th-floor unit was $18.2 million, according to the offering plan.

The full-floor home spans about 4,600 square feet. It features 11-foot ceilings and a master suite with two master bathrooms.

The sale is the latest in a flurry of closings at the Robert A.M. Stern-designed tower. They include some of the priciest units in the building. Earlier this month, a trust associated with James Lippman, founder and CEO of JRK Property Holdings, bought a condo there for $30 million.

Billionaire investment banker Ken Moelis, the brother of L&L Holding’s Ron Moelis, bought a $62 million penthouse at 520 Park. It’s among four duplex penthouses. Vacuum cleaner mogul James Dyson also snagged a penthouse, paying nearly $74 million.

The luxury tower also includes a $130 million triplex. Closings began at the 33-unit project in September.


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