• Location 61 Street and Park Avenue, Manhattan
• Square Feet 178,216
• Units 126
• Acquisition August 2010

530 Park Avenue is an 18-story plus penthouse luxury residential building containing a total of approximately 178,216 rentable square feet. The property benefits from its prime Park Avenue location, ample ceiling heights, numerous terraces, excellent window lines and spectacular views. 

RFR acquired this multifamily rental property in August 2010 in a creative transaction in which it entered into a joint venture with the existing ownership to complete the conversion of the property to 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.