Howard Marks wants judge to seal court records for 740 Park lawsuit

Billionaire’s neighbors claimed they lost sleep because of Marks' lengthy co-op renovations

New York /
May.May 02, 2017 09:50 AM

A legal skirmish between feuding neighbors at 740 Park Avenue proves it: all the money in the world can’t buy peace and quiet or anonymity in New York City.

Billionaire financier Howard Marks is asking a judge to keep the details of a lawsuit over renovations at his co-op unit from hitting the press, claiming in legal papers that he’s worried about privacy.

Marks’ neighbors at 740 Park Avenue, semiconductor mogul Hamburg Tan and wife Miranda, sued the Oaktree Capital head, claiming they suffered “sleep deprivation, anxiety and depression” because of lengthy renovations, the New York Post reported. Last year, a New York Supreme Court judge issued an order to limit the the amount of time per day Marks could carry out his years-long construction work.

Marks now wants the Manhattan judge to seal a letter and exhibit in the case. The Tangs, however, want the information to remain public.

“Defendant Marks has made personal revelations and disclosed intimate details about his homes when he stood to gain worldwide publicity and financial gain,” they said in court papers, according to the newspaper, referring to Marks’ decision to feature the apartment in magazine Architectural Digest.

Jennifer Rearden, an attorney for Marks, said all renovations were completed eight months ago, and that Marks only agreed to the feature because his name was not included.

Marks paid $52.5 million for the co-op in 2012. He’s currently trying to sell his Ritz Carlton pad for $27 million, almost half the original asking price.  [NYP]Miriam Hall


Related Articles

arrow_forward_ios
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
(Illustration by The Real Deal)
Americans bought 5.6M homes last year — the most since the bubble
Americans bought 5.6M homes last year — the most since the bubble
Randy Mastro and 21 East 83rd Street (Photos via Getty; Google Maps)
Former deputy mayor Randy Mastro, lawyer in Lucerne controversy, lists UES home
Former deputy mayor Randy Mastro, lawyer in Lucerne controversy, lists UES home
Overall, the number of housing units that started construction last year was up 7 percent from 2019. (iStock)
Residential construction had busiest year since 2006: MBA
Residential construction had busiest year since 2006: MBA
Common Projects sneaker designer Peter Poopat bought the home in December. (Getty, Brown Harris Stevens)
$6.5M Fort Greene townhouse sale breaks neighborhood record
$6.5M Fort Greene townhouse sale breaks neighborhood record
(iStock)
Homebuilder sentiment falls for second month in a row
Homebuilder sentiment falls for second month in a row
(iStock)
Homebuying up again, but rising mortgage rates depress refinancing
Homebuying up again, but rising mortgage rates depress refinancing
The two most expensive contracts signed last week were condos at One Prospect Park West. (Douglas Elliman)
Brooklyn luxury market roars back to life
Brooklyn luxury market roars back to life
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...