search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseMajor developers are converting South Florida malls into mixed-use projectsMajor developers are converting South Florida malls into mixed-use projectsTom Scott’s CA Ventures strikes back against QuadReal fraud claimTom Scott’s CA Ventures strikes back against QuadReal fraud claimBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160M
Popular
New York

Israel Englander closes on 740 Park co-op for record $71M

Duplex tops Bronfman pad to snag priciest co-op sale

From left: 740 Park Avenue and Israel Englander
From left: 740 Park Avenue and Israel Englander

Israel Englander, founder of the hedge fund Millennium Management, closed on the purchase of a duplex co-op at 740 Park Avenue for $71.3 million, smashing the record for co-op prices in Manhattan.

The government of France unloaded the 18-room, six-bedroom unit, which hit the market for $48 million in April. Brown Harris Stevens broker John Burger told Bloomberg News that the listing led to a bidding war among prospective buyers.

Sign Up for the undefined Newsletter

Englander owns an apartment on the 14th floor, and his new duplex is on both the 12th and 13th floors.

Englander’s purchase surpassed the co-op record set by the $70 million sale of the late Edgar Bronfman Sr.’s home at 960 Fifth Avenue, as The Real Deal reported in June. [Bloomberg News] — Mark Maurer