Tuesday 25 June 2019

Buyer of $28M unit at 520 Park Ave races to save nearly $1M on taxes

An anonymous buyer has closed on a full-floor pad at Zeckendorf Development’s 520 Park Avenue for just over $28 million, according to public records. And he or she wasted no time in getting the deal over the finish line. The contract for Unit 33 was signed on April 12, which means the four-bedroom condo sale fell within a narrow three-month window where the buyer and seller could avoid the new taxes if they closed before […]



source https://therealdeal.com/2019/06/25/buyer-of-28m-unit-at-520-park-ave-races-to-save-nearly-1m-on-taxes/

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