The Real Deal New York

740 Park combo to hit the market for $60M

May 09, 2011 09:57AM

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The Park Avenue co-op so elite that it has its own, 576-page history book has a rare opening. Courtney Sale Ross, the philanthropist and widow of former Time Warner CEO Steve Ross, is putting her 12th- and 13th-floor duplex apartments at 740 Park Avenue on the market for $60 million. According to the Wall Street Journal, the two units are not fully combined but have access to each other, and are also being offered separately for $35 million and $25 million. It’s not the first time Ross has tested the waters on the pair of trophy apartments; she had quietly put them up for sale in 2008, but a formal listing never surfaced. Now Serena Boardman of Sotheby’s International Realty is making the listing official. The last time one of 740 Park’s 36 units changed hands was more than three years ago, Streeteasy.com records show. Residents include Stephen Schwarzman, Ronald Lauder and Vera Wang, and the famously choosy co-op board has rejected the likes of Joan Crawford and Nelson Peltz in the past. There is one other unit currently for sale, which is asking $23 million but has been languishing on the market since 2008. [WSJ]

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