Inside 740 Park Avenue, where NYC’s richest make their homes: current and former residents of this iconic building include Vera Wang, billionaire David Koch and Jackie Kennedy Onassis
The storied art deco building opened its doors in the 1930s and has played home to many a famous resident – now a hotspot for finance magnates, one unit in this building costs almost US$50 million
On the Upper East Side, 740 Park Avenue remains one of the most iconic buildings in New York City. The art deco styled co-op has been home to some of the richest and most influential personalities in the world since it first opened its doors in the 1930s.
As New York real estate publication Curbed puts it, “Buying an apartment at 740 Park meant something. And that something was, quite frankly, that you’d won.”
But what is it exactly about this building that exudes luxury, wealth and power? From its iconic roots to its record-breaking prices, here is what you need to know.
The iconic history
According to The Wall Street Journal, the childhood duplex that Jackie Onassis grew up in was bought for US$25.25 million in 2017, after an initial asking price of US$44 million. Jacob M. Safra, the founder of SPNY Capital LP and the son of Banco Safra founder Moise Yacoub Safra, reportedly bought it.
The building features
The luxury co-op in Park Avenue is located between East 71st and 72nd Streets in Lenox Hill, Manhattan. Widely named among the most luxurious residential co-ops in New York City, the building has 31 units, including duplexes and triplexes. The architectural style is art deco and the building has private storage, a doorman, exercise room, concierge, lift and a central laundry room.