Manhattan’s Storied 740 Park Ave. has once again seen another prominent sale of assets.
Julia Koch, one of the world’s most strict women with a $ 74.2 billion net worth, according to Forbes, has just sold her co-op at the Park’s exclusive palace for $ 45 million, according to property data.
The real deal reported for the first time the sale.
The buyer, sources told Gimme Shelter, is a New Yorker.
18 -room spectacular duplex is a generous 8,500 square meters. It first hit the market for $ 48 million in 2022.
The fourth and fifth floor apartment comes with five bedrooms, six baths and two dust rooms. It opens with a private elevator landing in a marble entry lobby. Design details include a curved staircase of statements, numerous marble hotbeds and large spaces to enter.
A living room contains wide oak floors, a window wall and its marble fireplace. There is also a kitchen of the EAT chef, an official dining room with original details and a wood panel library with a construction bar.
Last year, John Thain – formerly CEO of Merrill Lynch and Goldman Sachs President – sold his Penthouse Duplex at $ 740 for $ 28 million. This is six years after he ranked him for the first time for $ 39.5 million in 2018, according to reports.
Koch is the widow of David Koch, an ultra-conservative billionaire and co-owner of Koch Industries, who died in 2019 at the age of 79. He bought co-op from the Japanese government for about $ 18 million in 2004.
Moreover, John D. Rockefeller, funder Saul Steinberg and Stephen Schwarzman of Blackstone all called the same unit in the building house.
Julia Koch is also the owner of the two upper birth co-op she bought from the wealth of Microsoft Paul Allen’s co-founder for $ 101 million in 2022. A year later, she sold a $ 41 million in the city of East Side to another in another off -market deal.
She also owns a $ 70 million Southampton wealth that she had been purple in 2021 and a Palm Beach fortune. In addition, Julia and her children bought a portion of 15% of the BSE Global, the parent company of Brooklyn Nets last June. The deal rated BSE Global at $ 6 billion.
Built in 1929, the 19 -storey Art Deco building was created by Rosario Candela and Arthur Loomis Harmon. It was developed by James T. Lee, Bigfather of former first lady Jackie Kennedy Onassis, who once lived in the building as a child. The building was even the theme of a book: “740 Park: History of the Strict Apartment Building in the World” by Michael Goss.
The building contains 31 units, including duplexes and triples. Last and present residents include members of the Rockefeller and Vanderbil family, Vera Wang and former Treasury Secretary Steven Mnuchin.
The list brokers were Corcoran’s Leighton Candler, Bradley Comisar and Jennifer Reardon.
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Image Source : nypost.com