The Real Deal New York

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

Duplex tops Bronfman pad to snag priciest co-op sale

September 03, 2014 05:45PM

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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.

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

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