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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