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    520 Park Avenue

    520 Park Avenue
    New York, NY 10065
    212-838-3036
    Sales, Condo

    The sponsor(s) filed plans on 03/03/14 for a condo project at 520 Park Avenue. The sponsor(s) were approved to market the units for sale on 09/16/14. TRData has determined that the sponsor(s) have sold more than 80 percent of the sponsor units in the building.

    • Address 520 Park Avenue
    • neighborhood Upper East Side
    • borough Manhattan
    • owner Zeckendorf Development
    • developer ZECKENDORF DEVELOPMENT
    • owner entity 41-45 PROPERTY OWNER LLC
    • architect Beam Architects DPC
    • sales/marketing Zeckendorf Marketing, LLC
    • PLANS DISCLOSED 03/03/2014
    • dob permit issued 08/22/2011
    • tco issued 09/26/2011
    • DOB FILE PLANS 04/28/2011
    • DOB FILE Link
    • LIST/LAUNCH SALES 09/16/2014
    • height in feet 70
    • floors 6
    • AG Initial Price $ 1,245,794,000
    • ag file plans 03/03/2014
    • AG FILE Link
    • residential units 0
    • commercial units 0
    • hotel units 32
    • total units 64
    • square feet 1
    • const. status CONDO COMPLETE
    • block and lot 1-01375-0036
    • BIN 1040805
    For more info, click here
    • Event Financing
    • Address 520 Park Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Square feet 47,679
    • Price $ 50,000,000
    notes
    The developer acquired an additional $50 million in construction financing for the 54-story Robert A.M. Stern-designed condo tower.
    For more info, click here
    • Event Financing
    • Address 520 Park Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Price $ 75,000,000
    • Publication Date 05/01/2017
    • Event Date 03/17/2017
    • Party 1 Zeckendorf Development
    • Party 2 Children's Investment Fund
    notes
    The $75 million refi consolidated a new $25 million mortgage with a previous $50 million loan which was issued in 2014.
    For more info, click here
    • Event Financing
    • Address 520 Park Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Publication Date 12/01/2014
    • Event Date 10/22/2014
    • Party 1 Zeckendorf Development
    • Party 1 Brokerage JLL
    • Party 2 Children's Investment Fund Management
    notes
    A $450 million construction loan was arranged for the 51-story condo
    For more info, click here
    • Event Sales
    • Address 520 Park Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Square feet 70,000
    • Price $ 40,000,000
    • Price per foot $ 571.43
    • Publication Date 04/01/2013
    • Event Date 02/20/2013
    • Party 1 Christ Church
    • Party 2 William and Arthur Zeckendorf
    notes
    The air rights sold for more than $40 million, the New York Times reported. The buyers plan to develop a 51-story apartment building with 30 units that are expected to sell for upward of $8,000 per square foot.

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