450 Park Avenue facts for kids
Quick facts for kids 450 Park Avenue |
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450 Park Avenue in 2012
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| Former names | Franklin National Bank Building |
| General information | |
| Status | Opened |
| Type | Office |
| Location | 450 Park Avenue, Midtown Manhattan, New York, 10022 |
| Coordinates | 40°45′41.27″N 73°58′16.65″W / 40.7614639°N 73.9712917°W |
| Completed | 1972 |
| Cost | $545 million |
| Owner | Oxford Properties |
| Height | |
| Architectural | 119 m (390.4 ft) |
| Technical details | |
| Floor count | 33 |
| Floor area | 31,000 m2 (333,681.2 sq ft) |
| Design and construction | |
| Architect | Emery Roth & Sons |
| Developer | Peter Sharp |
450 Park Avenue is a tall office building in New York City. It is located on Park Avenue in an area called Midtown Manhattan. This building is also known as the Franklin National Bank Building.
The building has 33 floors and stands about 119 meters (390 feet) tall. It was finished in 1972. The outside of 450 Park Avenue is made of black granite and glass. It has a strong steel frame with concrete floors. The famous architects Emery Roth & Sons designed it. Peter Sharp was the developer who helped build it. Next to the building, there is a public space with benches where people can relax.
Contents
History of 450 Park Avenue
This section shares some interesting facts about how 450 Park Avenue has changed owners over the years.
Early 2000s Changes
In June 2002, a company called Taconic Investment Partners bought 450 Park Avenue. They spent about $13 million to make the building better. This included updating the main entrance, replacing the elevators, and making the public areas look new.
Setting a Price Record
Five years later, in June 2007, another company named Somerset Partners bought the building. They paid $509 million for it! This was a very high price for an office building in the United States at that time. It was the highest price ever paid per square foot. Somerset Partners even moved their main office into the building in 2008.
A Famous Auction House Opens
On October 30, 2010, a well-known auction house called Phillips de Pury opened a new location at 450 Park Avenue. They took up the first three floors of the building. Their first auction there happened on November 8 of that same year. This auction house covers a large area of about 31,000 square meters (330,000 square feet).
New Owners in 2014
In February 2014, 450 Park Avenue was sold again. This time, Crown Acquisitions and Oxford Properties bought it for $545 million.
Where is 450 Park Avenue Located?
450 Park Avenue is in Midtown Manhattan. It sits right on Park Avenue. You can find it between East 56th Street and East 57th Street.
Nearby Subway Stations
It's easy to get to 450 Park Avenue using the New York City Subway. There are four subway stations very close to the building:
- 57th Street (F <F> trains)
- Fifth Avenue–59th Street (N, R, and W train)
- Fifth Avenue/53rd Street (E and M train)
- Lexington Avenue–59th Street (4 5 6 <6>, N, R, and W trains)
Buildings Around 450 Park Avenue
450 Park Avenue is surrounded by other interesting buildings. To its southwest is the very tall 432 Park Avenue. Across East 57th Street is the Davies Building. On the other side of Park Avenue is 445 Park Avenue.
Other famous buildings nearby include:
See also
In Spanish: 450 Park Avenue para niños
