740 Park Avenue
740 Park Avenue | |
---|---|
General information | |
Status | Completed |
Type | Cooperative apartment building |
Architectural style | Art Deco |
Location | 740 Park Avenue |
Coordinates | 40°46′15″N 73°57′53″W / 40.7708°N 73.9647°W |
Construction started | 1929 |
Opening | 1930 |
Height | 78.03 m (256.0 ft) |
Technical details | |
Floor count | 19 |
Design and construction | |
Architect(s) | Rosario Candela and Arthur Loomis Harmon |
740 Park Avenue is a
The 19-story building was designed in an Art Deco architectural style and consists of 31 units, including duplexes and triplexes.[2] The architectural height of the building is 256.0 feet (78.0 m).
History
The building was constructed in 1929 by
In 1937, one of the first well-known residents was
In 1979, the French government purchased an 18-room duplex for $600,000 to be used as their United Nations ambassador's residence.[9] The French government's duplex unit was sold in June 2014 for $70 million, reportedly $22 million over the asking price – a bidding war involving three prospective buyers escalated the eventual selling price. The buyer was hedge fund billionaire Israel Englander, who already lived in the unit directly above, and surpassed a record set just days earlier by Egypt's richest man, Nassef Sawiris, for a penthouse unit on nearby Fifth Avenue.[9]
In 2005, author
The residents of 740 Park were heavily affected by the
Hedge fund billionaire Charles Stevenson paid $9 million for an apartment in the building and was the head of the 740 Park Avenue cooperative in December 2011.[2]
In 2012, the Alex Gibney documentary Park Avenue: Money, Power and the American Dream, based on the Michael Gross book, aired on the "Independent Lens" series of the PBS TV network. The film details that the building was home to the highest concentration of billionaires in the United States.[12]
Notable residents
- ITT Corporation
- Thelma Chrysler Foy – heiress to the Chryslerfortune
- U.S. Ambassador to the United Kingdom.
- duplex on the fourth and fifth floors said to have been purchased in 2004 for $17 million[3]
- French Republic, which used it as its Consul’s residence
- William H. Harkness – Standard Oil heir, businessman and philanthropist, lived from 1933 to 1947 in 12/13D.[3]
- Jerzy Kosinski– novelist
- Howard Marks – chairman of Oaktree Capital Management
- J. Ezra Merkin – hedge fund manager, son of late businessman Hermann Merkin[13]
- Secretary of the Treasury of the United States[14]
- Jacqueline Kennedy Onassis – childhood home[3]
- Ronald Perelman – businessman[15]
- John D. Rockefeller Jr. – businessman and philanthropist, lived from 1937 to 1960 in a 24-room, 12-bath duplex.[3]
- Time Warner
- Julio Mario Santo Domingo – Colombian businessman lived in the building from the 1980s until his death in 2011
- Blackstone Group; bought the former Rockefeller apartment for just over $35 million[3]
- Jonathan Sobel – former partner at Goldman Sachs, director of Hilltop Holdings Inc., and business associate of billionaire Gerald J. Ford[16][17]
- Saul Steinberg– financier; owned the Rockefeller apartment until selling to Schwarzman.
- Allene Tew – American socialite in the Gilded Age. Occupied two different units in the building.
- Merrill Lynch[18]
Applicants who have sought to purchase units in the building but have been refused include
References
Notes
- ^ "740 Park Avenue". Emporis. Emporis GMBH. 2000–2014. Archived from the original on August 26, 2014. Retrieved June 19, 2014.
- ^ a b c d e Zeveloff, Julie (December 29, 2011). "740 Park Avenue: Inside The Most Powerful Apartment Building In New York". Business Insider. Retrieved June 19, 2014.
- ^ a b c d e f Gross, Michael. "Where the Boldface Bunk", The New York Times (March 11, 2004). Accessed October 8, 2007.
- ^ a b c Doran, James (January 17, 2009). "Richest apartment block in US becomes a house of horrors". The Guardian. Retrieved July 13, 2017.
- ^ Goldberger, Paul "The King of Central Park West" Vanity Fair (September 2008)
- ^ "Peeking Behind the Gilded Walls of 740 Park Ave". The New York Times Magazine. October 9, 2005.
- ^ Barbenel, Josh (October 29, 2006). "The Candidate as Landlord". The New York Times. Retrieved April 10, 2007.
- ^ Zeveloff, Julie; Galante, Meredith (May 14, 2012). "House of the Day: Legendary Investor Howard Marks Officially Bought New York's Most Expensive Co-Op For $52.5 Million". Business Insider. Retrieved July 13, 2017.
- ^ a b Alberts, Hana R. (June 17, 2014). "France's Palatial 740 Park Pad Sells for $70M, Way Over Ask". Curbed New York. Retrieved June 19, 2014.
- ^ Rogers, Teri Karush. "Peeking Behind the Gilded Walls of 740 Park Ave.", The New York Times (October 9, 2005). Accessed August 15, 2007.
- ^ a b "A look at the billionaire residents of 740 Park". The Real Deal New York. August 9, 2014.
- ^ "Park Avenue: Money, Power & the American Dream". PBS. Independent Television Service (ITVS). 2012. Retrieved June 19, 2014.
- ^ Van Voris, Bob (June 16, 2020). "Madoff Backer Merkin Claims $41 Million in 740 Park Fire Losses". Bloomberg. Archived from the original on July 2, 2020. Retrieved July 14, 2021.
- ^ Gould, Jennifer (August 18, 2020). "Steven Mnuchin's 740 Park co-op returns with massive discount". New York Post. Retrieved September 8, 2020.
- ^ Gross, Michael. "740 Park: The Story of the World's Richest Apartment Building". Retrieved July 13, 2017.
- ^ "In Deed! Goldman Guru Jonathan Sobel Dropped $19 M. On 740 Park Spread". Observer. October 3, 2012. Retrieved July 14, 2021.
- ^ Bruner, Raisa (May 2, 2016). "Meet the billionaires of 740 Park Avenue, one of New York's historic 'Towers of Power'". Business Insider. Archived from the original on May 3, 2016. Retrieved July 14, 2021.
- CNBC.com. January 22, 2009. Retrieved January 22, 2009.
Bibliography
- Alpern, Andrew. The New York Apartment Houses of Rosario Candela and James Carpenter, Acanthus Press, 2001
- Gray, Christopher. "Streetscapes: 740 Park Avenue; Repairs for a '29 Luxury Co-op", The New York Times (October 21, 1990)
- Gross, Michael. "Where the Boldfaced Bunk", The New York Times (March 11, 2004)
- Gross, Michael. 740 Park: The Story of the World's Richest Apartment Building, Broadway Books, 2005
- Horsley, Carter B. "740 Park Avenue" in The Upper East Side Book – gives references to articles about Candela's design for the building
External links
- Michael Gross's "740Blog" with near complete list of residents.
- "The Root of All Evil and Home Sweet Home" (2005)
- Curbed
- Brick And Cornice: 740 Park Avenue