Ludacris, pro-skateboarder Terry Kennedy, pro-snowboarder Keir Dillion and 100 volunteers will painting handball courts, basketball backboards, playground areas, fences and benches in the park.
Additionally, the group will clear overgrown areas and pick up litter in the park.
Later in the evening, Ludacris will perform for 5,000 other volunteers at Radio City Music Hall, during the Boost Mobile RockCorps concert.
Other rappers performing for the volunteers include Busta Rhymes, Fabolous, Keyshia Cole, Angels & Airwaves, The Red Jumpsuit Apparatus, and Yung Joc.
Actor/rapper Nick Cannon will host the concert, which takes place on the evening of Saturday October 6.