Zeckendorf buying 740 Park pad for $27M

William Zeckendorf, co-developer of 15 Central Park West and a co-owner of Terra Holdings, parent company of Halstead Property and Brown Harris Stevens, has gone into contract to buy a two-bedroom, 17th-floor apartment at 740 Park Avenue, a building once owned by his grandfather, for $27 million, the New York Post reported.

The 10-room apartment is owned by video game magnate Gregory Fischbach and his wife Linda, who bought the apartment in 1994 for $6.3 million. It was once owned by John D. Rockefeller, who planned to join the unit with his duplex below but never did.

Zeckendorf has been busy maneuvering his personal real estate assets of late. He flipped the top half of a 927 Fifth Avenue duplex for a more than $5 million profit in July, selling it to hedge-funder Scott Bommer for $34.6 million after buying it from the estate of banker Bruce Wasserstein in January.

He also netted $40 million last year after he sold the penthouse apartment at 15 Central Park West. [Post]