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GDS, Klövern buy Midtown East co-op for $184M

Klövern AB of Sweden and GDS Development Management have paid $ 184 million for all 29 units at a Midtown East co-op building, paving the way for the partnership to take advantage of the neighborhood’s rezoning. The companies purchased all the apartments in 417 Park Avenue, a 14-story co-op constructed in 1916. The property is located within the 70-plus blocks the city rezoned in 2017, allowing for the address to have an office building with a


The Real Deal New York

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