415 PARK AVENUE SOUTH, MANHATTAN, 10016 · Murray Hill-Kips Bay
A significant general construction permit has been filed for 415 Park Avenue South in Manhattan, detailing the conversion of a 20-story building from commercial to mixed-use residential. This project also includes adding an additional story.
The estimated cost for this extensive conversion project is $35,000,000, with the permit issued on May 28, 2026. PRESS BUILDERS INC is the general contractor for this large-scale development.
The $35 million project to convert a commercial building to mixed-use residential in Murray Hill-Kips Bay signifies a major development impacting the neighborhood's landscape.
Issued
May 28, 2026
Expires
November 20, 2026
License
General Contractor
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Filed by PRESS BUILDERS INC · 18 permits across 5 neighborhoods
View the official permit record
Tracking number, work description, cost, and dates
| Tracking Number | 944917691 |
| Work Permit # | M01223041-I1-GC |
| Job Filing Number | — |
| Work Type | General Construction |
| Status | Permit Issued |
| Job Description | Filing for conversion of 20 story building from commercial to mixed use residential building, adding 1 story via ZR 54-53 as per plans filed herewith. |
| Floor / Unit | Cellar, Cellar, Cellar, Cellar, Cellar, Floor Number(s) 1, Floor Number(s) 1, Floor Number(s) 1, Floor Number(s) 1, Mezzanine 1, Mezzanine 1, Floor Number(s) 2, Floor Number(s) 2, Floor Number(s) 3, F |
| Estimated Cost | $35,000,000 |
| Approved | May 15, 2026 |
Riverside Center Building 5 Owner L
Alex Olsen
| Issued |
| May 28, 2026 |
| Expires | November 20, 2026 |
| BBL | — |
| BIN | — |
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