740 Park Avenue Totally Explained

Everything about 740 Park Avenue totally explained

740 Park Avenue is a luxury apartment building on Park Avenue in Manhattan, which has been the home to many wealthy and famous residents. The building also carries the address 71 East 71st Street.

History

An apartment previously belonging to John D. Rockefeller, Jr., when sold by Saul P. Steinberg in 2000, brought a price "slightly above or below $30 million", reportedly the highest price ever paid on Park Avenue. Rockefeller moved to the building in 1936.
   The apartment house has 31 units. The building is made of limestone. It has the highest ceilings and widest hallways on Park. The building was built in 1929, designed by Rosario Candela and Arthur Loomis Harmon, the design partner of Shreve, Lamb and Harmon. The builder was James T. Lee, whose daughter Janet Lee Bouvier and son-in-law Jack Bouvier would take the final open lease (according to one account, for free), and their daughter Jackie Kennedy Onassis grew up there. (Gross, 2005)
   Life in the building is amusingly described in the New York Social Diary
   In 2005, author Michael Gross published a detailed book on the building and its history, 740 Park: The Story of the World's Richest Apartment Building.

Famous residents

Jackie Kennedy, childhood home. (wife of John F. Kennedy)
David H. Koch, occupy an 18-room duplex on the fourth and fifth floors said to have been purchased in 2005 for $17 million.
Ronald Lauder, businessman. (son of Este'e Lauder and brother of Leanard Lauder
John D. Rockefeller, Jr., lived from 1938 to 1960 in a 24-room, 12-bath duplex.
Steve Ross, late CEO of Time Warner
Stephen A. Schwarzman, CEO of the Blackstone Group.
J. Ezra Merkin, Hedge-Fund Manager.(son of late businessman Hermann Merkin)

Further Information

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