Steven Mnuchin’s $26M home finally finds a buyer

Ex-treasury secretary cut Park Avenue co-op’s price several times

New York /
May.May 14, 2021 04:30 PM
Steven Mnuchin and 740 Park Avenue (Getty, Google Maps)

Steven Mnuchin and 740 Park Avenue (Getty, Google Maps)

After more than two years and a few price chops, Steven Mnuchin’s luxury co-op has finally found a buyer, the New York Post reported.

The treasury secretary had relisted his 740 Park Avenue pad in August and cut the asking price by 20 percent to $25.75 million. He had originally listed the home for about $33 million in 2018.

The 6,500-square-foot apartment had been in his family for decades. He bought it from his aunt, Carol Lederman, for nearly $11 million in 2000.

But the longer it sat on the market, the more the price came down: In January 2019, he trimmed the price to nearly $30 million and then to about $28 million that September.

Mnuchin’s 12-room duplex includes five bedrooms and 11-foot ceilings. Lederman and her daughter Judy Kloner, both brokers at Warburg Realty, are handling the listing.

The building is home to some of the wealthiest people in New York City, including Blackstone Group CEO Stephen Schwarzman and hedge funder Israel Englander.

[NYP] — Cordilia James





    Related Articles

    arrow_forward_ios
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    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”
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    9 Prospect Park West and 2 Northside Piers in Williamsburg (Photos via Google Maps and 2 Northside Piers/Facebook)
    A Park Slope co-op was one of the priciest deals inked last week
    A Park Slope co-op was one of the priciest deals inked last week
    42 Old Montauk Highway, Montauk
    The unsellables: Even in a hot market, these Hamptons homes don’t move
    The unsellables: Even in a hot market, these Hamptons homes don’t move
    220 Central Park South with Michael Cantanucci and 378 West End Avenue (Photos via Getty Images, Jim.henderson/Wikimedia, 378WEA)
    Discounts for Manhattan’s luxury homes have shrunk
    Discounts for Manhattan’s luxury homes have shrunk
    Gov. Andrew Cuomo (Getty/Illustration by Kevin Rebong)
    NY flooded with nearly 100K rent relief applications in two weeks
    NY flooded with nearly 100K rent relief applications in two weeks
    Los Angeles, New York and Miami metro areas are in the top 10 of owner-occupied million dollar homes. (iStock)
    These metro areas have the most — and fewest — million-dollar homes
    These metro areas have the most — and fewest — million-dollar homes
    arrow_forward_ios

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

    Loading...