The Real Deal New York

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

It follows other pricey sales at the Zeckendorf project
By Meenal Vamburkar | December 20, 2018 06:00PM

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.