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New York

Park Avenue penthouse sells for $30M

A 7,500-square-foot penthouse apartment at 823 Park Avenue sold for $30 million, $5 million below its listing price.

The buyer of the five-bedroom condominium on the Upper East Side was identified as Park Penthouse Holdings.

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The sale went into contract October 2006 and closed August 1, according to city records published today.

The 13-story apartment building at the corner of 75th Street was built in 1911 and rehabilitated by the Property Market Group into condominiums.

The penthouse was listed for $35 million by Brown Harris Stevens, according to StreetEasy.