Demo Permits Filed for 417 Park Avenue in Midtown East, Manhattan

417 Park Avenue in Midtown, Manhattan417 Park Avenue via Google Maps

Full demolition permits have been filed for 417 Park Avenue in Midtown, Manhattan. According to the filing, the site is owned by GDS Development under the Clover Park Development LLC. It currently houses a 12-story residential building with 28 units. The 143-foot-tall structure was built in 1916 and has a basement, cellar, and penthouse.

Plans have not been revealed for the 8,725-square-foot lot at the corner of East 55th Street and Park Avenue. GDSNY and Klövern AB of Sweden paid $184 million for all the units of the co-op building, to be able to develop within the perimeters of the Midtown East Rezoning in the near future. The regulations allow for office buildings with a floor-area ratio of 25, or nearly 220,000 square feet.

417 Park Avenue is located four blocks from the Lexington Avenue-53rd Street subway station, serviced by the E, M, and 6 trains.

Ancora Engineering is listed as the applicant of record.

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18 Comments on "Demo Permits Filed for 417 Park Avenue in Midtown East, Manhattan"

  1. David : Sent From Heaven. | July 10, 2020 at 7:08 am | Reply

    Be truthful to what you and I perceive, it is an event that must occur: Thank you.

    • Mr. Galikanokus | July 10, 2020 at 12:35 pm | Reply

      David, I’m pretty sure you’re just a Russian numbers station and are broadcasting coded messages to sleeper cells in NYC. That’s the only logical explanation I can come up with.

  2. David in Bushwick | July 10, 2020 at 10:26 am | Reply

    Just destroy everything from our history.
    Greed makes it okay.

  3. Matt from Midtown | July 10, 2020 at 10:38 am | Reply

    Tragic. Will probably be replaced by a bland, uninspired tower with generic metal-framed glass curtain walls and an forgettable design. Shortly after opening the mistake of its construction will be painfully obvious and within a few decades it’ll be torn down.

  4. Full out scandal.
    How dare Landmarks allow this to happen; a lone vestige of the era of Park Avenue below 57th street’s residential primacy in New York.
    In addition to it’s historic and cultural value, it is an enormously handsome building; beautifully wrought limestone in a corridor of cheap glass.
    A scandal, pure and simple, and an affront to the city by agents and offices to whom the common good in entrusted.

  5. This demolition is terrible. How many office building we need now? Keep this building please. Landmark agency where are you?

  6. “Another Bites the Dust”, should become NY’s new theme song!

    Such a shame this beautiful
    104 year old coop apartment building will become landfill, and replaced with another generic glass and cement tower of no redeeming style!

    Or sit vacant like the former
    historic Rizzoli bookstore site on West 57th did? Has anything been proposed for that site?

  7. Michael D. Skelly | July 10, 2020 at 11:49 am | Reply

    the apts in this old master piece are wonderful,not like the glass boxs they make today,the landmarks comm. has be come a joke , a sad loss…….

  8. The current units are probably affordable at least for those residing there. There ought to be a ban on demolishing existing housing to grant bonuses to developers. Is anyone thinking. This is why our ‘affordable units’ are diminished year-on-year.

  9. This is an elegant and genteel building, a prize to be cherished not wantonly demolished. My god, does everything have to disappear? There are no other sites to build upon? Shameful.

  10. Such a beauty.

  11. With tropical storm Fay, formed off the Carolina’s, the eight named storm this early in the season, people, loosely including politicians and developers, surely cannot deny climate change.
    Demolishing perfectly good buildings is extremely UNgreen. “The Greenest building is the one that already exists.”

  12. How about replacing the building next door instead? The suburban office park building I’m sure no would miss.

  13. The building was a residential co-op, therefore it was a corporation. The shareholders (co-op unit owners) chose a very handsome return on their invetment over staying put. Perhaps they grew tired of being surrounded by glass box office towers. They’ll take their money and buy elsewhere more to their liking. RAMS has a number of limestone-clad buildings with available units – new units with up-to-date infrastructure.

  14. elliot reisman | July 24, 2020 at 1:02 am | Reply

    wake up guys new york city is finished , over, you will be wasting money and time on any project from now on as the city collapses due to the takeover of the socialistic elements now in control

  15. How many stories would that be?

  16. If skyrocketing real estate taxes and super-high maintenance hadn’t made these great apartments un-saleable perhaps the building would have continued to be viable as a residence in a commercial area.

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