Note: the above is based on a down payment of 20% ($3,190,000),
which is the minimum amount permitted by the building.
Description
Perfectly situated in Rosario Candela’s most coveted building, 740 Park Avenue, this palatial fifteen room duplex is a true architectural masterpiece. Drenched in sunlight, the residence boasts ceilings up to 11 feet, two wood burning fireplaces, Versailles floors, the original Candela sweeping staircase, doors, and moldings, and an abundance of classical historical details. There are five bedrooms, three staff bedrooms, six full bathrooms, and a powder room.
The regal entertaining rooms include a living room, a formal dining room, a library, a windowed kitchen, a windowed serving kitchen, and a separate windowed breakfast room.
Off a private elevator landing is an impressive 34’8" long entrance gallery from which all of the grand entertaining rooms flow. There is a magnificent 35’6" by 20’ living room which has four oversized windows facing south onto 71st Street and a wood burning fireplace. Adjacent to the living room is the handsome wood-paneled library which also faces south with treetop views; it houses the second wood burning fireplace.
The formal dining room is 25’4" by 20’4" and provides the ideal space for gatherings also with treetop views. There is an oversized windowed eat-in kitchen with a separate windowed breakfast room. A large windowed serving kitchen connects the main kitchen to the dining room for endless entertaining.
Off the kitchen is a windowed laundry room with a sink and storage as well as the first staff bedroom and bathroom. An elegant powder room and two coat closets complete the public spaces.
As for the private quarters, up a stunning staircase is the expansive primary bedroom suite which faces south. The suite includes a dressing room, five closets, and an en-suite oversized windowed bathroom.
There are four additional bedrooms all with excellent closet space and three additional bathrooms. There is an upstairs coat closet and two linen closets. In a separate hallway, there are three oversized staff bedrooms, a windowed hallway bathroom and a kitchenette.
A back staircase connects to the kitchen, and both the passenger and service elevators service both floors of the duplex.
The building allows no financing and there is a 3% flip tax paid by the purchaser. A storage room and a wine cellar are assigned to each apartment.
Completed in 1930, 740 Park Avenue is one of the most celebrated residential landmarks in Manhattan. It is distinguished by a monumental fluted limestone fa ade.
The impeccably staffed co-operative offers residents the highest level of white-glove service and privacy. There are full-time doormen, porters, a live-in resident manager, and a private gym.
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