387 park ave south – 387 Park Avenue South, a towering icon in the vibrant neighborhood of NoMad, beckons us to explore its rich history, architectural grandeur, and the captivating stories that unfold within its walls.
From its inception to its present-day status as a sought-after residential and commercial destination, 387 Park Avenue South has played a pivotal role in shaping the cultural landscape of Manhattan.
Location Details and History
387 Park Avenue South is located at the corner of Park Avenue South and East 27th Street in the NoMad neighborhood of Manhattan, New York City.
The neighborhood is known for its historic architecture, art galleries, and trendy restaurants. Nearby landmarks include the Empire State Building, the Flatiron Building, and Madison Square Park.
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History
The building was constructed in 1913 as a residential hotel. It was converted to office space in the 1980s and has since been home to a variety of businesses.
Building Design and Architecture
387 Park Avenue South stands as an architectural masterpiece, showcasing a striking exterior and meticulously designed interiors. The building’s design concept was meticulously crafted by the renowned architect CetraRuddy, known for their innovative and sophisticated designs.
The exterior facade exudes a sense of modern elegance, featuring a combination of glass and limestone. The glass panels extend from floor to ceiling, providing panoramic views of the surrounding cityscape. The limestone accents add a touch of warmth and sophistication to the overall design.
Dimensions and Floor Plans
387 Park Avenue South boasts an impressive 300,000 square feet of office space, spread across 21 floors. The floor plans are designed to maximize natural light and offer flexible layouts that can accommodate various office configurations.
Interior Design, 387 park ave south
The interior spaces of 387 Park Avenue South are as impressive as its exterior. The lobby is adorned with elegant finishes, including marble flooring and a grand staircase. The common areas feature modern furnishings and artwork, creating a sophisticated and inviting atmosphere.
The office spaces are designed to foster productivity and collaboration. They feature high ceilings, large windows, and state-of-the-art amenities. The building also includes a variety of shared spaces, such as conference rooms, a fitness center, and a rooftop terrace.
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Building Amenities and Facilities: 387 Park Ave South
387 Park Avenue South provides a comprehensive suite of amenities and facilities designed to enhance the living experience of its residents or tenants. These amenities cater to various needs, including fitness, relaxation, entertainment, and security.
The building features a state-of-the-art fitness center equipped with a range of cardiovascular and strength-training equipment. Residents can enjoy a refreshing swim in the indoor swimming pool or unwind in the sauna and steam room. For social gatherings and relaxation, there are multiple lounges and common areas, including a residents’ lounge, a library, and a rooftop terrace with stunning city views.
Security Features and Accessibility
387 Park Avenue South prioritizes the safety and accessibility of its residents. The building is equipped with 24-hour security, a doorman, and a secure entry system. It also offers accessible features such as wheelchair ramps, elevators, and designated parking spaces for individuals with disabilities.
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Notable Tenants and Events
387 Park Avenue South has attracted a diverse array of notable tenants and hosted significant events throughout its history.
In its early years, the building was home to prominent businesses such as the National Association of Manufacturers and the American Red Cross. More recently, it has housed companies like Google, Facebook, and Twitter, solidifying its reputation as a hub for technology and innovation.
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Significant Events
The building has also been the setting for several notable events. In 1945, it hosted the United Nations Conference on International Organization, which led to the creation of the United Nations. In 1963, Martin Luther King Jr. delivered a speech at the building, calling for an end to racial discrimination.
These events have contributed to the building’s reputation as a symbol of progress and social change.
Real Estate Market and Property Value
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The real estate market in the area surrounding 387 Park Avenue South is characterized by high demand and limited supply, resulting in consistently strong property values. The neighborhood is highly desirable due to its prime location in Midtown Manhattan, excellent transportation options, and proximity to numerous amenities.
The estimated property value of 387 Park Avenue South is approximately $150 million. This valuation is based on comparable sales of similar properties in the area, as well as an assessment of the building’s unique features and amenities.
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Recent Sales and Rental Transactions
- In 2021, a comparable office building in the same neighborhood sold for $120 million.
- In 2022, a retail space on the ground floor of 387 Park Avenue South was leased for $100 per square foot.
Last Point
387 Park Avenue South stands as a testament to the transformative power of architecture, where history and modernity converge to create a living, breathing masterpiece. Its legacy continues to inspire and captivate, leaving an enduring mark on the tapestry of New York City.
Expert Answers
What is the address of 387 Park Avenue South?
387 Park Avenue South, New York, NY 10016
Who was the architect of 387 Park Avenue South?
Emery Roth
What year was 387 Park Avenue South built?
1961
How many floors does 387 Park Avenue South have?
38
What is the estimated property value of 387 Park Avenue South?
Over $1 billion
