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    740 Park Avenue

    740 Park Avenue
    New York, NY 10021
    Residential, Sales, Co-op, Multifamily

    740 Park Avenue is a cooperative apartment building between East 71st and 72nd Streets in the Lenox Hill neighborhood 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 Jackie's home growing up. It has 31 units. The building is known for its high ceilings and wide hallways. Other residents have included the artist Saul Steinberg, Chrysler heiress Thelma Chrysler Foy, chemical engineering billionaire David H. Koch and cosmetics tycoon Ronald Lauder. Stephen Schwarzman, the founder of the 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 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
    • owner entity ENGLANDER, ISRAEL A
    • floors 19
    • Year Built 1929
    • residential units 33
    • total units 33
    • square feet 273,583
    • block and lot 1-01386-0033
    • BIN 1041363
    Condominium Units+
    • Event Residential Sales
    • Building Name 740 Park Avenue
    • Address Unit 12 13, 740 Park Avenue
    • Unit 12 13
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Price $ 52,500,000
    • Publication Date 05/11/2012
    • Event Date 05/04/2012
    • Party 1 Ross, Courtney S
    • Party 2 Marks, Howard S; Marks, Nancy F

    Here’s a fun fact: New York City has more billionaires than any other city on the planet. Last month, Forbes reported that 79 billionaires call Here’s a fun fact: New York City has more billionaires than any other city on the planet. Last month, Forbes reported that 79 billionaires call...

    Brown Harris Stevens’ $1.89 billion in sales, for example, included some of the priciest deals completed in the past year. The firm’s biggest deal was the $70 million sale of Edgar Bronfman’s co-op at 960 Fifth Avenue to Egyptian billionaire Nassef Sawiris. The company also sold a $48 million co-op at 740 Park Avenue and a $37.5 million condo at 1 Central Park West...

    The priciest closed sale of the year was hedge-funder Israel Englander’s (left) purchase of the former French Ambassador’s residence at 740 Park Avenue for $71.2 million, the most ever paid for a NYC co-op...

    Later that same month, another $70 million deal tied that at 740 Park Avenue, where the official residence of the French ambassador to the United Nations was sold to Israel Englander, founder of the hedge fund Millennium...

    Meanwhile, Burger slipped from the No. 1 spot the past two years running to No. 4 this year. While his dollar volume dropped to $392.28 million this year from $411 million last year, he isn’t hurting for business. And part of his decline in listing volume may be due to the fact that he’s recently sold some pricey properties. Back in January, he closed three big deals totaling $88 million, including a co-op at 944 Fifth Avenue reportedly owned by NorthStar Realty’s David Hamamoto for $50 million. His current listings include two duplexes at 740 Park Avenue listed for $48 million and $32.5 million apiece...

    The 14-room apartment has six bedrooms, five-and-a-half bathrooms, a grand living room, dining room and library, all three with wood-burning fireplaces. The corner master bedroom, with sitting room, features a bath with double sink, marble tub and shower. Wang sold her apartment in the prewar 18-story building designed by Rosario Candela and moved into her late parents' duplex at neighboring 740 Park Avenue...