20 Park Avenue | The Real Deal New York

The Real Deal New York

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20 Park Avenue

20 Park Avenue
New York, NY 10016
Retail, Residential, Leasing/Rental, Multifamily

The building at 20 Park Avenue overlooks some of the most architecturally impressive landmarks in midtownincluding the New York Public Library and Grand Central Stationbut when the building itself was built it was considered modest by comparison.

Built in 1939, it was designed by architect Emery Roth, who often incorporated Art Deco designs into his work. However, the building reflects more the zeitgeist of the year it was built: the first of Roths buildings in Murray Hill to be built after the 1929 stock market crash, the building was considered more austere than some of Roths previous designs.

In 2005, the building, along with three other rental properties167 East 82nd Street, 10 Downing Street, and 41 Park Avenuewas put on the sales block and expected to fetch about $175 million. Real estate developer Stonehenge Partners eventually closed on the properties for $168.5 million, and later put $12 million into renovating the four buildings (20 Park saw renovations in 2009 and 2010, including a brand new fitness center). -NR

  • Address 20 Park Avenue
  • neighborhood Murray Hill
  • borough Manhattan
  • owner Stonehenge Partners
  • floors 20
  • Year Built 1939
  • residential units 96
  • total units 96
  • square feet 101,306
  • block and lot 1-00055-6016
  • BIN 1017126

03/13/19
After four months of negotiating to buy a 44 percent stake in 10 Hudson Yards, a twist of fate kept Christoph Donner stranded in Los...

03/13/19
There’s nothing particularly modest about Ziel Feldman’s megaproject rising on 11th Avenue along the High Line — except maybe the pace of early sales. Nearly...

03/13/19
Landlords usually go after tenants for not paying the rent. But in a new lawsuit in New York, a prominent landlord alleges that its own...

03/12/19
Sotheby’s International Realty is suing the owners of 520 Park Avenue for withholding a commission on the sale of a $31.5 million unit at the...

03/06/19
The Noble Black team climbed to the top of the heap this year, taking home top honors at Douglas Elliman’s annual Ellie awards on Tuesday....

03/04/19
Gyms (and athletic wear retailers) once again dominated the retail leasing scene last month in New York City, securing four of the top 10 biggest...

There’s nothing particularly modest about Ziel Feldman’s megaproject rising on 11th Avenue along the High Line — ...

02/20/19
Celebrity chef Nusret Gökçe has signed a lease at 220 Park Avenue South to open a new restaurant. Known by food aficionados as Salt Bae,...

02/07/19
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....

02/06/19
Surprise, surprise: A handful of New York City’s residential brokerages — including Douglas Elliman, Compass, Brown Harris Stevens and Nest Seekers International — saw their closed-deal...

UPDATED, Jan. 6, 5 p.m.: Surprise, surprise: A handful of New York City’s residential brokerages — including Douglas Elliman, Compass, Brown Harris Stevens and Nest...

01/31/19
The Manhattan residential market has bounced back from the dark days of the recession. But 2018 was a choppy year, and key metrics suggest a...

01/29/19
One of the priciest residential deals to start off the year is another penthouse closing at Zeckendorf Development’s 520 Park Avenue. The duplex penthouse sold...

01/28/19
For more than three years, Aby Rosen has been trying to sell his new vision of Midtown. Price tags as steep as $5,000 a square...

01/26/19
Britain may be leaving the European Union, but James Dyson’s company is getting out first. Billionaire vacuum-cleaner mogul and inventor and prominent Brexiteer James Dyson...

01/11/19
Another penthouse at Zeckendorf Development’s 520 Park has sold, this one at a nearly $10 million discount. The unit at the 54-story building sold for...

01/04/19
The penthouse at 520 Park Avenue — once seeking $130 million — was among several trophy apartments seeking nine-figure sums when it hit the market...

01/03/19
Manhattan sales declined for the fifth consecutive quarter, but there’s reason for optimism, according to Douglas Elliman’s latest market report. The number of sales fell...

OFFICE LEASING IN MANHATTAN Midtown office leasing rose 24 percent in November compared to October, totaling 1.74 million square feet, bringing year-to-date leasing activity to...

12/24/18
Some residential brokers in New York are household names. Think Fredrik Eklund, John Burger, Carrie Chiang, Paula del Nunzio, Raphael De Niro, and Leonard Steinberg....

12/20/18
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...

12/18/18
 It took a bit of discounting to get big-dollar resi deals over the finish line in 2018, but when they happened they were spectacular....

12/17/18
New York City’s office leasing market saw a diverse set of tenants in November, with no industry sector dominating the month’s top 10 office leases...

12/17/18
If you wanted to get a big-ticket luxury deal across the finish line in 2018, you had better offer a discount. Amid a well-documented slowdown,...

12/11/18
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...

Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the outsized returns builders...

12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...

With a handful of record sales in the past year, there’s no question Manhattan real estate has entered a new stratosphere. But even as asking...

Last year’s residential market got most of its buzz from developers racing to build luxury condos, but it was eye-popping co-op sales that shattered records...

One aspect of the Manhattan’s office leasing market was stuck in the summer doldrums last month, as landlords put far fewer square feet on the...

The large financial, media and legal firms that drive much of Manhattan’s office leasing market stood on the sidelines during 2012’s first quarter, allowing activity...

Source: Information from Cassidy Turley, CBRE, and news sources. Numbers are for portions of building, not entire towers. Three years ago, with the country in the...

It's time to raise the rent -- at least according to landlord representative brokers, who were urging their owners to do so in the first...

(Source: CB Richard Ellis) Last month brought some high-profile lease signings in Manhattan -- including by the Weinstein Company, headed by movie mogul brothers Harvey and...

The high volume of leasing in recent months, fueled in part by tenants signing early renewals at sharply reduced prices, could come back to bite...

Click chart to see enlarged version While Manhattan buildings have seen sale discounts as high as 70 percent in this recession, this is not the first...