The latest penthouse to close at 520 Park goes for $68M

It follows other pricey sales at the Zeckendorf project

TRD New York /
Dec.December 20, 2018 06:00 PM

520 Park Avenue and Arthur Zeckendorf

Another penthouse has closed at Zeckendorf Development’s 520 Park Avenue — and it marks the third closing over $60 million at the condominium tower.

The duplex penthouse unit sold for $68 million to an anonymous buyer, sources said. The penthouse was previously asking $83 million.

The apartment spans about 9,100 square feet — and includes a roughly 280-square-foot terrace. The home has six bedrooms and unobstructed views of Central Park.

Last year, it was reported that billionaire Frank Fertitta, former owner of the Ultimate Fighting Championship, was among the penthouse buyers at 520 Park. He reportedly purchased a similarly-sized unit, but it’s unclear whether he’s the buyer behind this closing.

The buyer’s broker, Jeffrey Fields of R New York, declined to comment.

The closing is the latest in a string of pricey sales at 520 Park. Billionaire investment banker Ken Moelis bought a $62 million penthouse at the Robert A.M. Stern-designed building. The duplex was asking $73 million. Vacuum cleaner mogul James Dyson also reportedly snagged a $73.8 million unit at the 54-story tower.

Closings began at the development in September. The project has four duplex penthouses, and also features a $130 million triplex penthouse among its 33 units.

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Andrea Soros Colombel and 243-245 West 4th Street (Credit: Google Maps, iStock)

Contractor alleges George Soros’ daughter asked him to deceive city

Prologis CEO Hamid Moghadam and 18-51 Flushing Ave. (Credit: Google Maps, iStock)

Frito Lay cashes in chips, sells Queens warehouse to Prologis

The Blakely Hotel at 136 West 55th Street and Richard Born (Credit: Google Maps, Richard Born by Studio Scrivo)

Blakely Hotel may shut down, lay off 54 workers

Chinese developer Oceanwide takes $276M loss on megaproject; CEO is out

Chinese developer Oceanwide takes $276M loss on megaproject; CEO is out

Clockwise from left: 707 Eleventh Avenue, One Vanderbilt, SL Green chairman and CEO Marc Holliday and 410 Tenth Avenue (Credit: Google Maps, SL Green, Hines)

SL Green snaps up West Side office property