Zeckendorfs carve up $130M penthouse at 520 Park Avenue
By Jeffrey Ditri, New York City Residential Rental Specialist
(JAD Realty Group, LLC.)
Simplex is asking $40M, duplex is asking north of $80M 520 Park Avenue The penthouse at 520 Park Avenue — once seeking $130 million — was among several trophy apartments seeking nine-figure sums when it hit the market in 2014. But that was then, this is now. In recent months, Zeckendorf Development quietly joined the ranks of developers opting to split once-massive penthouses into two or more smaller units. In 520 Park’s case, what was once planned as a 12,398-square-foot triplex is now being offered as a simplex seeking $40 million and duplex priced between $80 million and $100 million. Arthur Zeckendorf The developers couldn’t be reached for comment, but sources familiar with the decision said they realized last year that the triplex was simply too big. “It was easier to sell a full...
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