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740 Park Avenue

740 Park Avenue
New York, NY 10021
Sales
740 Park Avenue
740 Park Avenue is a cooperative apartment building on Park Avenue between East 71st and 72nd Streets in the Lenox Hill neighborhood subsection of the Upper East Side. Units in the limestone-clad building, erected in 1929, are some of the most expensive homes in the United States. Arthur Loomis Harmon and Rosario Candela designed the building for developer James T. Lee, Jacqueline Kennedy Onassis grandfather. 740 Park Avenue was Jackies home growing up. It has 31 units. The building is known for its high ceilings and wide hallways. Residents have included the artist Saul Steinberg, Chrysler heiress Thelma Chrysler Foy, chemical engineering billionaire David H. Koch, and cosmetics tycoon Ronald Lauder. Stephen Schwartzman, the founder of private equity firm The Blackstone Group, bought his 34-room spread in 740 Park Avenue from Steinberg in 2000 for $35 million, a record price for a New York City co-op at the time. Other records followed. Howard Marks, who runs investment fund Oaktree Capital, and his wife Nancy, bought a duplex from Courtney Sale Ross, the widow of Time Warner founder and chief executive Steven J. Ross, in 2012 for $52.5 million. Israel Englander, a hedge fund manager and billionaire, purchased a unit in 2014 for $71.3 million.
  • Address 740 Park Avenue
  • neighborhood Lenox Hill
  • borough Manhattan
  • floors 19
  • Year Built 1930
  • residential units 33
  • square feet 273,583
  • block and lot 1-01386-0033
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Now she can be neighbors with dad. Elizabeth (Zibby) Right, the daughter of Blackstone Group founder and 740 Park Avenue resident Stephen Schwarzman, has bought a triplex...
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03/20/15
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03/10/15
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02/03/15
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12/17/14
The Manhattan real estate market is set to hit new highs in 2014, according to a new report. Tags: cityrealty, Residential Market Report ...
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10/21/14
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It’s bargain season on Fifth Avenue. The asking price of a full-floor unit at the Sherry Netherland co-op recently dropped from $95 to $85 million. Tags:...
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