New York City  »  10022  »  Park Ave  »  425 Park Ave

425 Park Avenue, New York, NY 10022 - Property report

Also known as: 101-111 E 55th St

Property image for 425 Park Avenue, New York, NY 10022
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Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1957

Lot sq. ft.

27,950

Sale price

$616,755,253

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
425 Park Avenue
Alternate address(es)
101-111 E 55th St
104-114 E 56th St
421-435 Park Ave
Show all
ZIP code
10022
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01310-0001

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
666,996
Building dimensions
200 ft x 132 ft
Buildings on lot
1
Stories
43
Year built
1957
Last altered
2015
Building material
Sales
Sale date
11/25/2019
Sale price
$616,755,253
Tax
Tax year
2026-2027
Property tax
$18,492,467
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
200.83 ft x 146 ft
Lot sq. ft.
27,950

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
80 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.20 Miles
Closest fire station
0.57 Miles

View more such as transportation, nearby schools and risk designations.

Units for 425 Park Avenue, New York, NY

Unit Sale date Sale price
Unit 11B 03/12/2020
Unit 19B
Unit 19C
Unit 20D
Unit 3B
Unit 3C
Unit 4D 07/16/2004
Unit 5C 10/18/2004
Unit 7C
Unit 8B
Unit 8C
Unit 8D 02/17/2022
Unit RES
Ownership

Ownership information for 425 Park Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 425 Park Avenue, New York, NY 10022

Sale date Sale price Buyer name Seller name
11/25/2019 $616,755,253 XXX XXXX XXX XXXXXX XXXXX XXX X-X XXX XXXX XXXXXX, XXX
12/21/2015 $55,016,951 X & X XXX XXXX XXXXXXXXX XXXXXXXXXXX XXX XX XXX XXXX XXXXXXXXX, XX XXX X & X XXX XXXX XXXXXXXXX XXX
04/03/2015 $265,196,442 XXX XXXX XXXXXXXX XX XXX XXX XX-X & X XXX XXXX XXXXXXXX XXXXXX XXX XXX XXXX XXXXXXXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/26/2025 - R
03/13/2025 - D		 Memorandum of Lease
(2025042500363001)		 XXX XXXX XXXXX XXX XXXXXXX XXXXXXXXXX XXXXXXXX XXX
06/17/2024 - R UCC3 Continuation
(2024061300109001)		 XXX XXXX XXX XXXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
04/12/2024 - R UCC3 Termination
(2024040400027008)		 XXX XXXX XXXXX XXX XXXXX XXXXXXX XXXXXXXXXXX XX XXX
04/12/2024 - R UCC3 Termination
(2024040400027007)		 XXX XXXX XXXXX XXX XXXXX XXXXXXX XXXXXXXXXXX XX XXX
04/12/2024 - R UCC3 Termination
(2024040400027006)		 XXX XXXX XXXXX XXX XXXXX XXXXXXX XXXXXXXXXXX XX XXX
04/12/2024 - R
03/29/2024 - D		 Agreement
(2024040400027011)		 XXXXXXXX XXXXXX XXXXX XXXX XXXXXXX XXX XXXX XXXXXXX XXXXXXXX XXX
04/12/2024 - R
03/29/2024 - D		 Assignment of Leases and Rents
(2024040400027010)		 XXX XXXX XX XXX XXXXXXXX XXXXXX XXXXX XXXX XXXXXXX XXX XXXX
04/12/2024 - R
03/29/2024 - D		 Mortgage and Consolidation
(2024040400027009)		 XXX XXXX XX XXX XXXXXXXX XXXXXX XXXXX XXXX XXXXXXX XXX XXXX
04/12/2024 - R
03/29/2024 - D		 Termination of Assign of L&R
(2024040400027005)		 XXXXX XXXXXXX XXXXXXXXXXX XX XXX XXX XXXX XXXXX XXX
04/12/2024 - R
03/29/2024 - D		 Assignment, Mortgage
(2024040400027004)		 XXXXX XXXXXXX XXXXXXXXXXX XX XXX XXXXXXXX XXXXXX XXXXX XXXX XXXXXXX XXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 425 Park Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$18,492,467
Municipal exemptions
Recent tax assessments
Market value
$547,701,000
Assessed value
$246,465,450

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $345,804,000 $155,611,800 $151,095,690 10.848% $16,390,860 $16,390,860 +1.61%
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%
2019/20 $225,000,000 $101,250,000 $101,186,239 10.537% $10,661,994 $10,661,994 +227.72%
2018/19 $69,040,000 $31,068,000 $30,943,261 10.514% $3,253,374 $3,253,374 -9.51%
2017/18 $76,929,000 $34,618,050 $34,193,850 10.514% $3,595,141 $3,595,141 -45.56%
2016/17 $141,753,000 $63,788,850 $62,455,916 10.574% $6,604,089 $6,604,089 -20.16%
Permits

Permit information for 425 Park Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/03/2026 Alteration
06/10/2026 Alteration
05/03/2026 Alteration
04/27/2026 Alteration
04/23/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
03/28/2022 C-construction
03/28/2022 C-construction
03/28/2022 C-construction

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Lexington Ave & 53rd St at NE Corner
Station lines
E-M-6
Distance (miles)
0.147
View subway map

Access the detailed traffic volume map for 425 Park Avenue, New York, NY 10022 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 425 Park Avenue, New York, NY

665 Lexington Ave, New York 661 Lexington Ave, New York 119 E 55th St, New York 150 E 55th St, New York 120 E 55th St, New York 113 E 55th St, New York 656 Lexington Ave, New York 135 E 54th St, New York 417 Park Ave, New York 123 E 55th St, New York 141 E 55th St, New York 663 Lexington Ave, New York 116 E 55th St, New York 122 E 55th St, New York 127 E 55th St, New York 146 E 55th St, New York 121 E 54th St, New York 124 E 55th St, New York

Nearby ZIP codes for 425 Park Avenue, New York, NY

10017, New York City, NY 10020, New York City, NY 10021, New York City, NY 10065, New York City, NY 10103, New York City, NY 10112, New York City, NY 10152, New York City, NY 10154, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 425 Park Avenue, New York, NY 10022?

The development at 425 Park Avenue, New York, NY 10022 was built in 1957.

What is the market value of 425 Park Avenue, New York, NY 10022?

The current market value of 425 Park Avenue, New York, NY 10022 is $547,701,000.

What is the total square footage of 425 Park Avenue, New York, NY 10022?

425 Park Avenue, New York, NY 10022 has a total of 666,996 square feet.

What is the price per square foot for this property?

$924 per square foot is the price for 425 Park Avenue, New York, NY 10022.

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