425 PARK AVENUE
BBL 1013100001 · Class O4 · Built 1957 · 43 floors · 425 PARK AVE GROUND OWNER LLC
425 PARK AVENUE is a property in New York City zoned C5-3. The C5-3 classification is Commercial C5-3. The structure was built in 1957. It has 43 floors. The building contains 666,996 square feet. Built FAR is 23.86 of 10 maximum allowed. Assessed value is $155,611,800. Last sold for $616,755,253.39 in December 2019. Located in Council District 4.
You can build 419K sf as-of-right. The lot uses 159% of it today.
Governing use: commercial at FAR 15.00 on a 27,950 sqft lot. As-of-right means no rezoning, no variance — figures from PLUTO; verify with a zoning attorney before you underwrite.
The envelope, itemized
Every time the city discussed this parcel
No development cases on file for this parcel
When a ULURP, BSA, or landmark application touches this lot, it appears here with its full hearing trail.
Ownership chain
8 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| Dec 9, 2019 | DEED | $616,755,253.39 | T-C 425 PARK AVENUE, LLC→425 PARK AVE GROUND OWNER LLC |
| Jun 8, 2011 | DEED | $315,000,000 | 425 VENTURE BORROWING LLC→T-C 425 PARK AVENUE, LLC |
| Feb 28, 2006 | DEEDO | $10 | 425 VENTURE LLC→425 VENTURE BORROWING LLC |
| Feb 28, 2006 | DEEDO | $10 | 425 ESTATE LLC→425 ESTATE BORROWING LLC |
| Aug 15, 2000 | DEED | — | RHODE ISLAND CORPORATION→425 ESTATE LLC |
| May 30, 1997 | DEED | — | RHODE ISLAND CORPORATION→GOLDEN KEY CORPORATION |
| May 30, 1997 | DEED | — | RHODE ISLAND CORPORATION→425 VENTURE LLC |
| May 30, 1997 | DEED | — | GOLDEN KEY CORPORATION→425 VENTURE LLC |