Demolition Underway at 405 Park Avenue in Midtown East, Manhattan

Demolition work is ramping up at 405 Park Avenue, the site of a potential skyscraper in Midtown East, Manhattan. Original plans from several years ago called for a renovation that would have added several floors to the existing 17-story structure, but full demolition permits were filed in January 2021. MRP Realty is the owner and Titan Industrial SVC Corp. is serving as the demolition contractor for the property, which is located at the corner of Park Avenue and East 54th Street.

Recent photographs show 405 Park Avenue covered in black netting and scaffolding with all of its windows removed. A construction elevator is attached to the southwest corner and sidewalk scaffolding wraps around the southern and western sides of the lot. We can expect the mid-rise superstructure to make its way downward over the rest of the summer months and into the fall, likely reaching ground level before the end of the year.

405 Park Avenue. Photo by Michael Young

405 Park Avenue. Photo by Michael Young

405 Park Avenue. Photo by Michael Young

405 Park Avenue. Photo by Michael Young

405 Park Avenue. Photo by Michael Young

405 Park Avenue. Photo by Michael Young

405 Park Avenue. Photo by Michael Young

Immediately to the north is 409 Park Avenue, which was once occupied by a 4,300-square-foot, two-story townhouse built in 1910 and demolished after permits were filed in May 2021. On the northern end of the block is 417 Park Avenue, the former site of a 14-story, 29-unit residential co-op built in 1916. All three parcels will likely be consolidated to allow for construction of a large skyscraper spanning between East 54th and East 55th Streets. In the meantime, 405 Park Avenue’s razing will create a substantial void in the corridor of skyscrapers lining Park Avenue.

405 Park Avenue. Photo by Michael Young

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

Demolition is expected to be completed by the third quarter of 2023, as noted on the construction board. No architect, renderings, nor completion date have been announced for the replacement.

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