530 Park Avenue
Park Avenue is synonymous with elegant Manhattan living, and the prewar condominium 530 Park Avenue is a singular opportunity to live on one of the world’s most coveted boulevards. The 19-story property is steps from Central Park, luxurious shopping, Michelin-starred restaurants, exclusive private schools and renowned cultural institutions.
530 Park Avenue is a luxury residential building containing approximately 178,216 rentable square feet. The property benefits from its prime Park Avenue location, ample ceiling heights, numerous terraces and spectacular views. Classic interiors, from custom cabinetry and gourmet kitchens to marble baths and herringbone hardwood floors, are featured in each impeccable unit. Amenities include 24-hour doorman/concierge, private fitness center, children’s playroom, library, sitting rooms and a landscaped courtyard with a French garden and reflecting pool.
RFR entered into a joint venture with the existing ownership in August 2010 to complete the conversion of this multifamily rental property into a “for-sale” condominium. Contributing its expertise in managing residential conversions as well as fresh capital, RFR jumpstarted the conversion process and submitted the conversion plan within months of taking control of the project.
- William T. Georgis
- Condominium Conversion 2012