740 Park Avenue, #17PHD, top sale of the week (Sotheby's International Realty)
Manhattan Sales:
- For the week ending January 12, 2024, $339,626,711 worth of transactions across 161 condo, condop, and cooperative deals were recorded
- 68 condo sales came to an aggregate price of $201,848,177
- Three condop sales came to an aggregate price of $2,830,766
- 90 co-op sales came to an aggregate price of $134,947,768
In this article:
After over five and a half years, several brokerage changes, and numerous price reductions, the saga of John Thain's penthouse at 740 Park Avenue has come to an end, selling for an even $28,000,000 in the top sale for the week ending January 12, 2024. The former Merrill Lynch CEO and Goldman Sachs president initially listed it for $39.5 million in April 2018. It entered contract with a $25 million ask in July 2023, making it look like Mr. Thain might take a loss on it, but the final sales price is close to what he paid for it in June 2006. Crain's New York Business identified the buyer as financier Kevin Luzak.
Indeed, Park Avenue remains a destination for New York's luxury buyers. The duplex penthouse at the top of 740 Park Avenue was trailed slightly by a full-floor apartment at 515 Park Avenue, which sold for $23,850,000 in what appears to have been an off-market deal. Public records identify the seller as Monday Properties chairman and CEO Anthony Westreich; the buyer is listed as entrepreneur Alison Bernstein.
Private rooftop pool at 1 North Moore Street, #PH (Modlin Group LLC)
The top sale that took place off Park Avenue and third-highest overall was the penthouse at 1 North Moore Street, which sold for $18,750,000. Public records list the seller as British investor Simon Posen; the buyer is listed as an LLC, but The Wall Street Journal identified him as Prestige Medical Imaging founder Bill Hausmann. The newspaper also notes that Mr. Posen, an investor in 1 North Moore Street, paid $8 million to keep the penthouse, spent $5 million to customize it, and initially listed it for $30 million in June 2022; it entered contract with a $20 million ask in December 2023. Features include a basement storage unit that was converted to a wine cellar, a full-floor primary suite with walk-in closet and digital steam shower, and a roof deck with infinity pool, Jacuzzi, and outdoor kitchen.
The Cortland, #3DE (Core Group Marketing LLC)
From the Listing:
Hand-crafted and American-made, The Cortland represents a unique collaboration between two architectural icons, Robert A.M. Stern Architects and Olson Kundig. Residence 3DE is 2,305 square feet with three bedrooms and three-and-a-half bathrooms. The expansive, open-plan living and dining areas feature north and south exposures, a 1,197-square-foot private terrace, 28-foot corner great room, a kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, floor-to-ceiling windows, and a master suite with double walk-in closets.
Hand-crafted and American-made, The Cortland represents a unique collaboration between two architectural icons, Robert A.M. Stern Architects and Olson Kundig. Residence 3DE is 2,305 square feet with three bedrooms and three-and-a-half bathrooms. The expansive, open-plan living and dining areas feature north and south exposures, a 1,197-square-foot private terrace, 28-foot corner great room, a kitchen with a custom Olson Kundig-designed Jackbox, warm wood flooring, floor-to-ceiling windows, and a master suite with double walk-in closets.
12 Available Listings for Sale from $3,750,000
15 Central Park West, #33C (Engel & Volkers)
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From the Listing:
Overlooking Central Park from the 33rd floor of the Tower at Fifteen Central Park West, this well-proportioned three-bedroom, three-and-a-half bathroom residence offers 2,761 square feet of living space, and approximately 40 linear feet of Central Park frontage.
On the eastern wing of the residence, the grand living room with floor-to-ceiling windows, formal dining room, and bedroom suite all provide unobstructed views of Central Park. The gourmet eat-in kitchen is equipped with high-end Wolf double ovens and a Wolf center island cooktop, a Sub-Zero refrigerator, Sub-Zero wine cooler and marble countertops. On the western wing of the residence is the primary bedroom, which has three closets, including two walk-ins, a luxurious marble bathroom, and dressing area, and another bedroom suite. Both offer a western exposure with open city and Hudson River views.
Overlooking Central Park from the 33rd floor of the Tower at Fifteen Central Park West, this well-proportioned three-bedroom, three-and-a-half bathroom residence offers 2,761 square feet of living space, and approximately 40 linear feet of Central Park frontage.
On the eastern wing of the residence, the grand living room with floor-to-ceiling windows, formal dining room, and bedroom suite all provide unobstructed views of Central Park. The gourmet eat-in kitchen is equipped with high-end Wolf double ovens and a Wolf center island cooktop, a Sub-Zero refrigerator, Sub-Zero wine cooler and marble countertops. On the western wing of the residence is the primary bedroom, which has three closets, including two walk-ins, a luxurious marble bathroom, and dressing area, and another bedroom suite. Both offer a western exposure with open city and Hudson River views.
1 North Moore Street, #PH (Modlin Group LLC)
From the Listing:
Situated in the heart of prime Tribeca, this incredible penthouse is the product of meticulous design, a commitment to state-of-the-art amenities and a carefully curated aesthetic. Spread over 5,500 square feet with an additional 2,050 square feet of outdoor space, including a rooftop pool, no expense was spared on the fixtures and finishes in this exceptional three bedroom, three bathroom, plus two powder rooms, home.
A private elevator ushers you into the airy open concept great room, drenched with natural light thanks to a wall of south-facing windows that look out over the iconic downtown skyline. Spanning the entire width of the building and wrapped in custom glass sliding doors, the great room and dining room feature ceiling heights up to 9’6” with vein-cut travertine flooring, and flow seamlessly onto the 1,200 sq.ft. terrace with a fire pit and a built-in Wolf grill. Overlooking the great room, the oversized chef’s kitchen boasts bespoke Italian cabinetry, white quartz countertops and top-of-the-line appliances by Gaggenau, Wolf, Sub-Zero and Miele. A ten-foot long breakfast bar sits adjacent to a built-in limestone-clad linear fireplace. A chic powder room with marble paneling lies discreetly off the foyer, rounding out the seventh floor.
Situated in the heart of prime Tribeca, this incredible penthouse is the product of meticulous design, a commitment to state-of-the-art amenities and a carefully curated aesthetic. Spread over 5,500 square feet with an additional 2,050 square feet of outdoor space, including a rooftop pool, no expense was spared on the fixtures and finishes in this exceptional three bedroom, three bathroom, plus two powder rooms, home.
A private elevator ushers you into the airy open concept great room, drenched with natural light thanks to a wall of south-facing windows that look out over the iconic downtown skyline. Spanning the entire width of the building and wrapped in custom glass sliding doors, the great room and dining room feature ceiling heights up to 9’6” with vein-cut travertine flooring, and flow seamlessly onto the 1,200 sq.ft. terrace with a fire pit and a built-in Wolf grill. Overlooking the great room, the oversized chef’s kitchen boasts bespoke Italian cabinetry, white quartz countertops and top-of-the-line appliances by Gaggenau, Wolf, Sub-Zero and Miele. A ten-foot long breakfast bar sits adjacent to a built-in limestone-clad linear fireplace. A chic powder room with marble paneling lies discreetly off the foyer, rounding out the seventh floor.
515 Park Avenue
3 Available Listings for Sale from $22,000,000
740 Park Avenue, #17PHD (Sotheby's International Realty)
From the Listing:
This spectacular penthouse is an elegant aerie at the apex of 740 Park Avenue, and is arguably one of New York’s finest residences. A private elevator landing opens onto a magnificent sun-flooded windowed gallery with 12' ceilings and a sweeping staircase. On the east end of this grand and gracious entry way is a handsome library with a wood-burning fireplace, wet bar, and a pair of French doors leading to a south-facing terrace. At the western end of the gallery, and with stunning views of the Manhattan skyline is a large terrace, which is accessed from both the gallery and the enormous living room immediately adjacent.
The elegant and imposing living room features parquet de Versailles floors, a wood-burning fireplace, beautiful moldings and architectural details, and over-sized windows highlighting the breath-taking views of Central Park to the west. Adjoining the living room is an impressive and stately formal dining room which enjoys views of Central Park and dramatic city views to the north. A fully-equipped windowed butler's pantry is next to the dining room, which leads to the state-of-the art windowed eat-in-kitchen.
This spectacular penthouse is an elegant aerie at the apex of 740 Park Avenue, and is arguably one of New York’s finest residences. A private elevator landing opens onto a magnificent sun-flooded windowed gallery with 12' ceilings and a sweeping staircase. On the east end of this grand and gracious entry way is a handsome library with a wood-burning fireplace, wet bar, and a pair of French doors leading to a south-facing terrace. At the western end of the gallery, and with stunning views of the Manhattan skyline is a large terrace, which is accessed from both the gallery and the enormous living room immediately adjacent.
The elegant and imposing living room features parquet de Versailles floors, a wood-burning fireplace, beautiful moldings and architectural details, and over-sized windows highlighting the breath-taking views of Central Park to the west. Adjoining the living room is an impressive and stately formal dining room which enjoys views of Central Park and dramatic city views to the north. A fully-equipped windowed butler's pantry is next to the dining room, which leads to the state-of-the art windowed eat-in-kitchen.
2 Available Listings for Sale from $25,000,000
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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