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425 Park Avenue, New York, NY 10022 Property Information

425 Park Avenue, New York, NY 10022 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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425 Park Avenue, New York, NY 10022 2
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Address

Primary address 425 Park Avenue
Secondary address 101-111 E 55th St
Neighborhood Central Midtown
Zip code 10022
Borough Manhattan
Block & lot 01310-0001

Sales & Tax Overview for 425 Park Avenue, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 11/25/2019
Purchase price $616,755,253
Tax class

Lot & Building Information for 425 Park Avenue, New York

Lot sqft 27,950
Lot dimensions 200.83 ft x 146 ft
Building class Office Only with or without Commercial - 20 Stories or More (O4) i
Building sqft 666,996
Building dimensions 200 ft x 132 ft
Buildings on lot 1
Stories 43
Year built 1957
Year last altered 2015
Construction type
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Zoning & Use for 425 Park Avenue, New York

Zoning
Office sqft
Retail sqft
Conversion feasibility index NEW i

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.20 Miles
Closest fire station 0.57 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 425 Park Avenue, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 425 Park Avenue, New York, NY 10022, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 425 Park Avenue, New York, NY 10022, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 101-111 E 55th St, New York, NY 10022
  • 104-114 E 56th St, New York, NY 10022
  • 421-435 Park Ave, New York, NY 10022

About 425 Park Avenue, New York

How many sq. ft. does 425 Park Avenue, New York, NY 10022 have & what is the price per sq. ft?

This Office Only with or without Commercial - 20 Stories or More (O4) located at 425 Park Avenue, New York, NY 10022 has a total of 666,996 square feet and a current price per square foot of $924.

What is the year built & the current market value of 425 Park Avenue, New York, NY 10022?

425 Park Avenue, New York, NY 10022 was built in 1957 and has a current tax assessor's market value of $345,804,000.

Ownership Information for 425 Park Avenue, New York

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Property owner name for 425 Park Avenue, New York, NY 10022
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Building contacts for 425 Park Avenue, New York, NY 10022
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 425 Park Avenue, New York

425 Park Avenue
Listing type For Lease
Last updated 04/23/2025
Lot size 0.64 Acre
View Listing

Brokers

James Marcellino
Jonathan Tootell
Tanya Grimaldo
Giannina Brancato
Spaces
Suite name Space type Lease rate Available space Brokers
38th Floor General Office Listing price not available 13,900 Christopher Corrinet
Tamika Kramer
Silvio Petriello
Taylor Walker
Active Listings For This Property:
For Lease 425 Park Avenue
425 Park Avenue
425 Park Avenue, New York
Property General Office
Availability 1 Spaces listed / 13900 Sqft
Price Listing price not available
Real Estate Reports:
Eliza Theiss, Jul 09, 2025 NYC & New Jersey Cases Rise Even as Suburban New York Cools in Q2
Even as foreclosure filings reach a two-year high, regional trends diverge across metro New York.
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Past Sales & Property History for 425 Park Avenue, New York

Create a free account to view the complete sales history for 425 Park Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/25/2019 $616,755,253
12/21/2015 $55,016,951
04/03/2015 $265,196,442
       
       
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*Here are the three most recent sales for this property.

Title Documents for 425 Park Avenue, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
06/17/2024 - R UCC3 continuation
(2024061300109001)
04/12/2024 - R UCC3 termination
(2024040400027008)
04/12/2024 - R UCC3 termination
(2024040400027007)
04/12/2024 - R UCC3 termination
(2024040400027006)
03/29/2024 - D
04/12/2024 - R
Agreement
(2024040400027011)
03/29/2024 - D
04/12/2024 - R
Assignment of leases and rents
(2024040400027010)
03/29/2024 - D
04/12/2024 - R
Mortgage and consolidation
(2024040400027009)
03/29/2024 - D
04/12/2024 - R
Termination of assign of L&R
(2024040400027005)
03/29/2024 - D
04/12/2024 - R
Assignment, mortgage
(2024040400027004)
03/29/2024 - D
04/12/2024 - R
Assignment, mortgage
(2024040400027003)
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R: Recorded date
D: Document date

Property Taxes for 425 Park Avenue, New York

Access detailed property tax data for 425 Park Avenue, New York, NY 10022. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $16,260,918
Tax assessor's market value: $345,804,000
Assessed value: $155,611,800

Assessment History for 425 Park Avenue, New York

Here's the assessment & property tax history for 425 Park Avenue, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate% Base tax Property tax Year over year change
2024/25 $335,708,000 $151,068,600 $149,893,200 10.762% $16,131,506 $16,131,506 +1.80%
2023/24 $332,443,000 $149,599,350 $149,599,350 10.592% $15,845,563 $15,845,563 +8.69%
2022/23 $304,299,000 $136,934,550 $136,934,550 10.646% $14,578,052 $14,578,052 +26.75%
2021/22 $237,642,000 $106,938,900 $106,938,900 10.755% $11,501,279 $11,501,279 +5.56%
2020/21 $226,402,000 $101,880,900 $101,880,900 10.694% $10,895,143 $10,895,143 +2.19%

Permits for 425 Park Avenue, New York

The complete history of permits filed for 425 Park Avenue, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
06/18/2025 Alteration
06/05/2025 Alteration
05/27/2025 Alteration
05/23/2025 Alteration
05/23/2025 Alteration
05/23/2025 Alteration
05/16/2025 Alteration
05/14/2025 Alteration
05/14/2025 Alteration
05/14/2025 Alteration
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Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2025
$667
10.2% YoY
Median Price/Sqft Q4/2024
$653
2.1% YoY
Median Price/Sqft 2024
$621
-4.1% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Lexington Ave & 53rd St at NE Corner
Station lines E-M-6
Distance (miles) 0.147
View subway map
Bus Routes
Name Lexington Av/E 56 St
Line M101
Distance (miles) 0.068

Neighbors for 425 Park Avenue, New York

Here are the neighbors for 425 Park Avenue, New York, NY 10022.

Address Square feet Purchase date Purchase price
665 Lexington Ave, New York 5,985 06/30/1982
661 Lexington Ave, New York 35,408 01/10/2012 $25,000,000
119 E 55th St, New York 4,930 06/27/2016 $25,588,966
150 E 55th St, New York 21,880
120 E 55th St, New York 7,024 02/23/2005 $21,500,000
113 E 55th St, New York 71,957 06/27/2016 $13,061,034
656 Lexington Ave, New York 52,378 12/06/2021 $24,393,000
135 E 54th St, New York 154,226
417 Park Ave, New York 3,110 06/30/2022
123 E 55th St, New York 46,204 06/07/2016
141 E 55th St, New York 76,904
663 Lexington Ave, New York 6,800 10/04/2001
116 E 55th St, New York 13,320 02/23/2005 $21,500,000
122 E 55th St, New York 5,486 04/13/2022 $6,500,000
127 E 55th St, New York 91,089 06/05/2002
146 E 55th St, New York 5,475 01/12/2006 $2,100,000
121 E 54th St, New York 6,775 02/23/2005 $21,500,000
124 E 55th St, New York 7,616 11/08/2018 $22,900,000
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