425 Park Avenue | The Real Deal New York

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425 Park Avenue

425 Park Avenue
New York, NY 10022
212-920-3378
Retail, Leasing/Rental

This property is a new development. The developer(s) filed plans in September of 2013 to build a 511,538-square-foot building at 425 Park Avenue in the Midtown neighborhood of Manhattan. The plans call for an occupancy classification of B - BUSINESS. The building is owned by L&L Holding. The building is under construction.

  • Address 425 Park Avenue
  • neighborhood Midtown
  • borough Manhattan
  • owner L&L Holding
  • developer L&L Holding
  • owner entity 425 PARK OWNER LLC
  • architect Arch + Dev Mortar
  • PLANS DISCLOSED 09/18/2013
  • dob permit issued 09/27/2017
  • DOB FILE PLANS 09/18/2013
  • DOB FILE Link
  • height in feet 892
  • floors 42
  • total units 17
  • square feet 511,538
  • const. status UNDER CONSTRUCTION
  • block and lot 1-01310-0001
  • BIN 1036505

06/01/18
...Ken Griffin and 425 Park Avenue (Credit: Dan DeLuca via Flickr, 425 Park Avenue, and Getty Images) Is hedge fund Citadel...

01/10/18
...what L&L Holding Company did at 425 Park Avenue and 390 Madison Avenue, the Post reported. Durst developed the 544,000-square-foot building in 1969. In July...

10/11/17
...in, such as the speculative office development at 425 Park Avenue and the 200,000-square-foot 150 Fifth Avenue, which will be entirely vacant next year when music...

08/11/17
...route L&L Holding Company took with 425 Park Avenue and 380 Madison Avenue, which are undergoing major renovations. Under the rezoning, property owners can...

04/26/17
...Lapidus, is focused on developing the 47-story building 425 Park Avenue, the first new office tower on Park Avenue in 50 years. PGIM bought a 40 percent...

03/02/17
...Rendering of 425 Park Avenue (credit: DBOX for Foster + Partners) Midtown East may have a darker future if the...

02/20/17
...buzzed-about offices when L&L Holding finishes 425 Park Avenue in 2019. But in the meantime, traders gotta trade. Citadel signed a short-term sublease for...

11/30/16
...square feet at L&L Holding’s 425 Park Avenue when the building is completed in 2018. Correction: A previous version of this article incorrectly...

11/01/16
...a peek inside the drama filled resurrection of 425 Park Avenue. Elsewhere in the issue, there are stories on a new city proposal regarding air-rights...

...amp;L Holding, including its most ambitious project: 425 Park Avenue. Levinson, the company’s chairman and CEO, and his partner Robert Lapidus, the firm...

11/01/16
...L&L Holding’s new office development 425 Park Avenue last year, it paid $300 per square foot for the penthouse portion. Hedge fund returns...

09/26/16
...Rendering of 425 Park Avenue (credit: DBOX) (inset: Cynthia Wasserberger) As major hedge funds close down or downsize, rental...

09/20/16
...Motors Building and L & L Holding’s 425 Park Avenue...

09/11/16
...A 14,000-squarefoot bi-level dining venue is coming to 425 Park Avenue and chef Joël Robuchon From Luxury Listings NYC: Foodies— particularly those living and...

08/30/16
While the long-awaited Midtown East rezoning plan would allow buildings up to 30 percent taller, one developer ain’t waiting. L&L Holding Co. found workarounds to the...

08/22/16
...left: 277 Park Avenue, 270 Park Avenue, 299 Park Avenue and 425 Park Avenue It may get a whole lot easier to find office space on Park Avenue...

...is concentrated in two buildings (390 Madison Avenue and 425 Park Avenue). Related’s 1.2 million square feet is all housed at the Time Warner Center, where...

07/01/16
...L&L Holdings’ 670,000-square-foot office tower at 425 Park Avenue...

06/14/16
...amp;L used at the Sir Norman Foster-designed 425 Park Avenue, where the company signed hedge fund Citadel to a record $300 per square foot for...

04/27/16
...-square-foot lease at L&L Holding’s 425 Park Avenue. But excluding the Citadel deal, the four remaining leases signed at over $100 per square...

03/18/16
...-square-foot lease at L&L Holding’s 425 Park Avenue in Manhattan’s Plaza District. To see the full list of new leases on...

03/15/16
...Rendering of 425 Park Avenue (credit: DBOX for Foster + Partners) The screws keep turning tighter around the lending market...

03/01/16
...L&L is developing the Norman Foster-designed 425 Park Avenue office tower. The developers signed Chicago-based hedge fund Citadel to a 200,000 square-foot lease at...

01/29/16
...West) . . . completely reimagining their structures (390 Madison Avenue and 425 Park Avenue),” Newmark’s researchers wrote...

01/13/16
...top floor of L&L Holding’s 425 Park Avenue. A total of 138 office deals with starting rents over $100 per square foot were done...
  • Event Office Leasing
  • Address 425 Park Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 200,000
  • Amount Price 1
notes
The hedge fund signed a lease for the penthouse floors of the property.
  • Event Office Leasing
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 25,000
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 Lebhar Friedman
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Jeffrey Rosenblatt
  • Party 2 Keller Williams Realty
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Jeffrey Rosenblatt
notes
The residential brokerage signed a sublease on the sixth floor. The building is owned by L&L Holding Company.
  • Event Sales
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 315,000,000
  • Publication Date 07/01/2011
  • Event Date 05/22/2011
  • Party 1 Goelet family
  • Party 2 TIAA-CREF
notes
The land underneath the building sold for $315 million.
  • Event Sales
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 600,000
  • Price $ 1,000,000,000
  • Price per foot $ 1,666.67
  • Publication Date 11/01/2006
  • Event Date 09/22/2006
  • Party 1 Goelet family
  • Party 2 L&L Holding Co.
notes
An 84-year ground lease sold for approximately $1 billion, plus rent over the term. The lease does not begin until 2015. The current state of disrepair has led speculation that the building may be razed and rebuilt.
  • Event Sales
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
notes
The 85-year ground lease was sold. Price n/a.

03/18/16
...-square-foot lease at L&L Holding’s 425 Park Avenue in Manhattan’s Plaza District. To see the full list of new leases on...

12/29/15
...Publicis, while Rudin was represented in-house. Renderings of 425 Park Avenue in Midtown (credit: DBOX for Foster + Partners) Citadel, the Ken Griffin-led hedge fund, made...

10/22/15
...th Street in the East Village, Gary Barnett, 425 Park Avenue in Midtown and Robert Lapidus Manhattan's great builders are also its most fearsome destroyers...

...years. The firm currently has one office, at 425 Park Avenue. Growing the number of agents is crucial to Keller Williams’ unusual profit-sharing model: Half...

...Scholer will move from L&L Holdings’ 425 Park Avenue. Another large deal executed last month was Microsoft’s long-anticipated move from 1290 Sixth Avenue...

...in December opened a 25,000-square-foot flagship office at 425 Park Avenue, which Bracha said he intends to expand by 10,000 square feet. “What we’re creating...
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