520 Park Avenue Condominium
520 Park Avenue, Manhattan, NY 10022
Overview
- Units
- 32 residential · 15 storage
- Subway
- 3 min walk to 5 Av/59 St N R WLexington Av/59 St 4 5 6 N R W, 3 min
- Developer
- Zeckendorf Development, LLC
- Principals
- Samuel Kellner, Arthur W. Zeckendorf, William Lie Zeckendorf, Rafael Nasser
- Common charges
- $1,993–$21,911 a monthSponsor's first-year estimate in Schedule A
- Offering price
- $1267 million total $1220.3 million when first offered
- Floor plans
- Page 3 of the plan
The sponsor of record is 41-45 Property Owner LLC, represented by Starr Associates LLP. The offering plan runs 473 pages. The sponsor has filed 27 amendments, the latest in June 2025. The nearest other condo plan on file is 530 Park Avenue Condominium, next door.
Plan CD140047 · New · accepted Sep 16, 2014 · AG record ↗
Compare
| Figure | This building1 | 20 East End243 units · 1.3 miaccepted 2014 | 520 West 28th340 units · 1.9 miaccepted 2015 |
|---|---|---|---|
| Average Offering PricePer Apartment | $37.71MHighest | $8.95M | $10.21M |
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Unit mix, closings, budgets, finishes and the team, against 20 East End and 520 West 28th, cited to the offering plans. No credit card required.
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- Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 32 of 32 |
| Closing prices vs. Schedule A24 homes: $511,234,539 at closing against $554,704,000 in Schedule A (p. 45) | −7.8% |
| Closingsfirst and latest recorded | Aug 30, 2018 – Nov 20, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 36 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 18 | Aug 30, 2018 | $16,905,950 | $17,300,000 p. 45 | −2.3% |
| 22 | Sep 12, 2018 | $20,000,000 | $18,950,000 p. 45 | +5.5% |
| 36 | Oct 2, 2018 | $31,500,000 | $36,350,000 p. 45 | −13.3% |
| 15 | Oct 19, 2018 | $15,089,419 | $16,400,000 p. 45 | −8% |
| 30 | Nov 8, 2018 | $25,866,550 | $28,850,000 p. 45 | −10.3% |
| 17 | Nov 12, 2018 | $16,702,300 | $16,950,000 p. 45 | −1.5% |
| 23 | Nov 13, 2018 | $20,011,613 | $19,650,000 p. 45 | +1.8% |
| 24 | Nov 14, 2018 | $23,000,000 | $20,850,000 p. 45 | +10.3% |
| DPH52 | Nov 15, 2018 | $62,000,000 | — | — |
| DPH60 | Nov 19, 2018 | $73,800,000 | — | — |
| 34 | Nov 20, 2018 | $30,000,000 | $33,850,000 p. 45 | −11.4% |
| PH49 | Nov 27, 2018 | $30,000,000 | — | — |
| 25 | Dec 3, 2018 | $21,029,863 | $22,350,000 p. 45 | −5.9% |
| 14 | Dec 6, 2018 | $17,000,000 | $16,200,000 p. 45 | +4.9% |
| PH59 | Dec 13, 2018 | $30,100,000 | — | — |
| DPH56 | Dec 20, 2018 | $67,921,053 | — | — |
| 16 | Jan 3, 2019 | $16,295,000 | $16,600,000 p. 45 | −1.8% |
| PH48 | Jan 7, 2019 | $32,396,000 | — | — |
| DPH54 | Jan 25, 2019 | $64,250,000 | — | — |
| PH51 | Feb 1, 2019 | $32,000,000 | — | — |
| 33 | Jun 18, 2019 | $28,086,500 | $32,600,000 p. 45 | −13.8% |
| 31 | Jun 26, 2019 | $26,000,000 | $30,100,000 p. 45 | −13.6% |
| 35 | Jun 27, 2019 | $30,500,000 | $35,100,000 p. 45 | −13.1% |
| 28 | Sep 10, 2019 | $23,500,000 | $26,350,000 p. 45 | −10.8% |
| 27 | Mar 11, 2020 | $22,000,000 | $25,100,000 p. 45 | −12.4% |
| 5B | May 1, 2020 | $4,447,346 | $4,354,000 p. 45 | +2.1% |
| 20 | Oct 7, 2020 | $18,300,000 | $17,950,000 p. 45 | +1.9% |
| 26 | Jan 22, 2021 | $20,000,000 | $23,850,000 p. 45 | −16.1% |
| 29 | Sep 2, 2021 | $22,500,000 | $27,600,000 p. 45 | −18.5% |
| PH50 | Oct 7, 2021 | $36,000,000 | — | — |
| PH62 | Apr 18, 2022 | $35,215,875 | — | — |
| PH58 | Apr 19, 2022 | $32,667,000 | — | — |
| 32 | Aug 4, 2022 | $27,000,000 | $31,350,000 p. 45 | −13.9% |
| 19 | Sep 18, 2023 | $17,000,000 | $17,600,000 p. 45 | −3.4% |
| 21 | Sep 13, 2024 | $18,500,000 | $18,450,000 p. 45 | +0.3% |
| DPH63 | Nov 20, 2024 | $78,964,000 | — | — |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- 41-45 Property Owner LLC
- Developer
- Zeckendorf Development, LLC
- Principals
- Samuel Kellner, Arthur W. Zeckendorf, William Lie Zeckendorf, Rafael Nasser
- Counsel
- Starr Associates LLP
- Tax estimate
- Marcus & Pollack LLPPrepared the first-year real estate tax projection
- Construction lender
- Apple Bank for SavingsLender on the mortgage and building loan agreement recorded February 2013 in ACRIS; $71.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
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- 118 East 59th Street Condominium0.1 mi · 29 units · 2015