NEW YORK | 417 Park Avenue | FT | FLOORS

as of now, there are no signs of this assemblage being combined with 405 Park Avenue

At two stories tall, the building at 407 Park Avenue stands out for being short.

The buildings on either side of it are six or seven times taller. One of them, a 14-story, 29-unit cooperative at 417 Park Avenue, was sold for $184 million last year to two real estate firms planning a larger project on the site.

The 2017 Midtown East rezoning allows for 32,000 square feet at the address, which the new owners can combine with the 220,000 permitted next door to do a sizable office project, according to the publication.

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looks like this was a massing used to market the site prior to the purchase by GDSNY and Klovern. 407 Park has since been added to the assemblage. No news on a purchase of 405 Park.

https://www.cbre.com/real-estate-services/directory/capital-markets/global-capital

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It would be a crime if these two assemblages aren’t combined.

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It will be the crime of the century if these developers don’t acquire 405 Park, and we get stuck with two lame, stubby buildings.

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I walked past this building for six years and didn’t think it looked bad at all. Had some good older charm to it and there is a lot more that needs to go.

Curious, what happens to the residents in that building? Doubt it was rentals

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This has come down fast.

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11.29.21
Pretty much gone.

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I wonder what’s going on with 405.

The owners of 405 and 417 Park entered into an agreement which was recorded on ACRIS on Nov. 17, 2020. I read it very quickly, but it doesn’t seem to say anything.

https://a836-acris.nyc.gov/DS/DocumentSearch/DocumentImageView?doc_id=2020111000982001

A demolition permit for 405 was filed on Jan. 13, 2021, but obviously, nothing has happened.

https://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=123920365&passdocnumber=01

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Great news. Hopefully this entire block will be redeveloped with a single trophy office tower.

I wish. It’s really unclear what’s going on.

agreed on the legalese, this is for all intents and purposes a publicly recorded draft and nothing solid, and since its from 2020 that’s probably not a good sign. But it does mean that the two parties are at least discussing a deal. The full demolition permit for 405 is more interesting, that means a change in plans. That was only supposed to be a 4 story addition plus a new curtainwall.

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Further, their proposed “renovation” looked hideous. Thank God that this eyesore is coming down.

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