520 Park Avenue LENOX HILL, MANHATTAN
SUMMARY
Building Type: Condo
Building Stage: Resale
Report Date: September 3rd, 2025
- $78.96M
Sales Started: 10 Years Ago (04/26/2015)
Closings Started: 7 Years Ago (08/30/2018)
Offering Type: New Construction Condominium
Developer: Zeckendorf Development, Global Holdings
Architect: Robert A M Stern Architects, Slce Architects
Landscape Design: --
520 Park Avenue, built in 2018 and designed by Robert A. M. Stern Architects, is a luxury limestone-condominium located in Lenox Hill The building has 51 floors and 42 units, offering residents a range of amenities including a full-time doorman, concierge, garden, swimming pool, fitness center, and private residents' lounge It emphasizes privacy with only 35 residences and provides exclusive access to a variety of luxury services and facilities such as private dining spaces, a wine cellar, spa, and children’s playroom The building’s aesthetic and amenities reflect high-end, sophisticated Upper East Side living with a focus on privacy and comfort
AMENITIES
520 Park Avenue BUILDING ANALYSIS
OVERVIEW (24-MONTHS)
$21.14M
The average asking price at this building is approximately $21.14M, while the last 24 months have seen an average sold price around $44 2M The building offers a mix of unit types, with one full-floor residence which commands high values due to its size and prime
$3,922
location. The discrepancy between asking and sold prices suggests active market interest, but the limited number of units and high price points position it as a premium property in Lenox Hill
LENOX HILL
Contract Activity in Lenox Hill / Q2 2025
This period saw 208 contract activities within Lenox Hill, a decrease from 231 in the prior period Resale condo transactions account for 48 contracts this period, down from 57 previously, while resale co-ops remain steady with 140 contracts compared to 141 The new development contracts have significantly dropped
from 21 to only 7, indicating a slowdown in new project activity Overall, the neighborhood experienced a slight contraction in transaction volume, especially in new development sales, while resale activity remains relatively stable
LENOX HILL NEIGHBORHOOD ANALYSIS
Average Sold Price / SF in Lenox Hill / Q2 2025
$2,031
$1,478
In the current period, condo PPSF has increased to an average of approximately $1,643, up from earlier periods in 2018 and 2019 Coop PPSF remains lower, around $1,164, showing more stability. The PPSF for new development units has risen sharply to an average of
about $2,861, compared to other property types, reflecting strong pricing in new projects The building’s asking PPSF at roughly $4,573 is higher than the neighborhood averages, consistent with its luxury status and recent premium market activity