The Real Deal New York

Two more $30M-plus penthouses at 520 Park just sold

The units sold at more than $6,900 psf
By Mary Diduch | February 07, 2019 06:30PM

520 Park Avenue and Arthur Zeckendorf

Two more $30 million-plus penthouses at Zeckendorf Development’s 520 Park Avenue closed over the past week, continuing a string of closings at the luxury tower.

One nearly 4,600-square-foot simplex sold to an anonymous buyer for $32 million, according to a record filed Thursday with the city’s finance department. It was being offered for $39.5 million, according to the condominium’s offering plan.

And late last week, former Barclays CEO Bob Diamond and his wife Jennifer dropped $30.1 million on another penthouse, Mansion Global reported.

The closings come amid several recent buys at the 33-unit condominium that started closing last September.

In January, an anonymous buyer shelled out $32.4 million for a penthouse that spans roughly 4,600 square feet. The purchase price represented a 23 percent discount from its offering.

But another closing that month marked one of the priciest deals to kick off the year. Another anonymous buyer, “CJFGK, LLC,” bought a duplex for just over $64 million.

Other prominent buyers include James Dyson, founder of the vacuum company that bears his name, who bought a penthouse for $73.8 million. Meanwhile investment banker Ken Moelis snapped up another in November for $62 million.

The developer recently moved to split the tower’s $130 million triplex penthouse in two, falling in line with other developers that have done the same in the past. The simplex’s offering price is $40 million, and the duplex’s is between $80 million and $100 million.