530 Park Avenue

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530 Park Avenue, New York City, NY

530 Park Avenue
530ParkAvenue-NYC-Ext.png

530 Park Avenue's features a white brick façade
Building Information
Developer RFR Holding
Architect Handel Architects LLP
Management Company Classic Marketing
Number of Units 116
Number of Floors 19
Year Built 1940
Construction Method Concrete
Type of Roof IRMA
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530 Park Avenue, New York City, NY
Distance to Public Transit Less than one block
Region New York City
Municipality New York City
Zoning I-25
Title of Land Condominium


Contents

Background

530 Park Avenue's elegant entryway
530 Park Avenue is a classic white brick building erected in 1940. In 2007, it was purchased by Blackrock Realty Asvisors for a sum of $211 million, which then sold it to Aby Rosen, owner of the Seagrams Building and the Lever House on Park Avenue. The conversion from a rental building to condominiums was completed 2013, creating 116 apartments. It also features one townhouse.


Aby Rosen surrounded by some of the art works from his collection
Aby Rosen established a museum quality showroom for works of art which he hopes will entice tenants, guests, and owners to get in the door. Not only are the works of art on display, but they are also for sale. “My motto is, make me an offer,” Rosen says. “Everything I own is for sale. Except for my wife and kids, everything I own is out the door.” Rosen has also stocked the model apartments upstairs with a mix of antiques, photographs, designer furniture, paintings and sculptures.


It's location across the street from the Regency Hotel allows catering and room service for the residents of 530 Park Avenue. Reports suggest the Regency serves outstanding cappuccinos.[1]


Location

Situated in the bustling neighborhood of Lenox Hill, 530 Park Avenue is in the midst of entertainment, restaurants, services, and of course, retail shopping. The neighborhood gets the name 'Lenox' from a Scottish immigrant merchant, Robert Lenox, who owned about 30 acres of land between 4th and 5th Avenues and also between East 68th to 74th Streets. Robert's son, James, subdivided the land donating some of it to the Presbyterian Hospital. He also built the Lenox Library, now the site of the Frick Collection.


It is adjacent to the Christ Church United Methodist. The Roosevelt Island Tram station is close by where residents may visit Roosevelt Island to get away from the noise and hustle of Park Avenue, at least for a short time.


Nearby schools include Rockefeller Universal Child Center, Golden House School, and Manhattan International High School. The Rockefeller University campus is also located nearby, directly beside the Twenty-Four Sycamores Park on the shore of the East River. Hunter College is also situated a few blocks northwest.[2]


Construction

530 Park Avenue in 1946

Defined as a post-war mid-rise, 530 Park Avenue is a handsome structure of 19 floors with a white brick façade. It stands gracefully in the heart of the retail mecca of Park Avenue. The original designer was George Fred Pelham, son of the famous architect, George Frederick Pelham from Ottawa, Canada, and is the third generation of architects in the Pelham family.[3]


530 Park Avenue in 1946
530 Park Avenue displays an inset above the main doors going the height of the building features curved walls and windows. This provides an elegant softening to the structure rather than using brutal sharp corners.


Some of the upper apartments have balconies. The conversion, by Handel Architects LLP, created 116 luxury apartments out of the former rental building. An intimate courtyard includes a reflecting pool and the interior designer, Willian T. Georgis, has included a library lounge and a children's playroom.

Aby Rosen, the owner, has introduced numerous art works to 530 park Avenue including a pair of Andy Warhol silk-screens.[4]

Layout and Features

The conversion to condominiums at 530 Park Avenue has created some very high end features for the residents.

Built in closets, oversized windows, hardwood floors, individual air conditioning and heating units, and high ceilings are a few of the improvements.

Bathrooms are outfitted with stylish tubs, Kohler fixtures, granite counter tops, and finished with Crema Marfil marble walls.

Kitchens feature Pietra Cardosa granite counter tops, Wolf ranges, Subzero stainless refrigerators with wine coolers, Bosch dishwashers, Bertazzoni ovens with Viking hoods.[5]

Floor Plans

530 Park Avenue published 44 floor plans for the new renovation. Here are some highlights:


Amenities

530 Park Avenue features many amenities. Among them are:

  • Concierge
  • FT Doorman
  • Garden
  • Health Club
  • Children's Playroom
  • Lounge
  • Fitness Center
  • Courtyard


Bylaws

530 Park Avenue Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues No



  • Pets allowed
  • Rentals are permitted
  • No age restrictions for ownership exist
  • Some of the units that have terraces may have a barbecue

Sustainability

Buildings from the '40s were not necessarily built with the general environment in mind. However, several efficiencies were added during the conversion.

Radiant heating was installed into bathrooms and individual air conditioning and heating units were updated to more modern and energy efficient types.

Trivia

Bianca Jagger and 530 Park Avenue
  • Bianca Jagger, former wife of singer Mick Jagger, had been living in one of the rent-regulated apartments - @ $4600/month. However, she was evicted in 2008 for living outside the country. Her lawsuit challenging the eviction and another concurrent lawsuit suing her former Katz Park Avenue landlord for 'toxic mould' were both lost. She was on the hook for two years of market-based rent while she was fighting the eviction, plus $343,827.36 in legal fees - more than $600,000 in total.[6]

References

  1. City Realty
  2. Walk Score
  3. Wikipedia
  4. New York Daily News
  5. City Realty
  6. Real Deal


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