London has its corner terraced houses, Paris has its peripheral chateaus, Hong Kong has its Peak-clinging mansions and New York has its penthouse aeries in the thick of it all. No other city in the world puts so much wealth cheek by jowl on top of each other the way we do. By no means are these homes any more accessible than your typical gated estate --you won’t be borrowing a cup of sugar from these folks anytime soon. But the preference for the world’s elite to covet our most extreme expression of urbanism shows both the value of views and their desire to be at the city’s pulse.
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On the Upper East Side, one of the grandest accumulation of apartments is rising at the southeastern edge of Central Park at 520 Park Avenue. Now nearly topped off, the building is just shy in height of Rockefeller Center’s centerpiece tower, yet holds just 33 apartments across its 54 floors.
Reportedly, the full-floor “starter” apartments begin at $16.2 million and stretch 4,600 square feet. Above are seven duplexes of nearly 10,000 square feet with a starting price of $67 million residences. Topping it all off is a magnificent $130 million triplex penthouse of more than 12,500 square feet. Among its many attributes is an entertainment floor high in the sky which features a 1,120-square-foot salon/reception room that leads out onto a 1,500-square-foot terrace overlooking Central Park.
While sales progress has been kept under wraps, just last week, Ryan Serhant of Bravo's Million Dollar Listing New York announced on Instagram that he’s signed a contract for a $36 million apartment in the building. According to our page, just two apartments are being publicly marketed: a 4-bed / 5.5 bath on the 17th floor with an ask of $19.55 million and a 4-bed/ 5-bath home on the 34th floor for $33.85 million.
We recently swung by the site to check on the tower’s progress. The final floors of the building are being framed and will make up the penthouse floors and campanile-like crown. 520 Park will be the tallest building on the Upper East Side and its location at the cusp of Midtown makes it a prominent fixture in the Central Park skyline. Near the tower site, We snapped some shots of one of the pre-assembled window-wall panels laying on a flatbed. Sadly for us, this is likely the closest we’ll ever get to a resident’s windows.
Would you like to tour any of these properties?