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.

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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]