Steven Mnuchin Sells a Duplex on Park Avenue for $22.5 Million

Other resales, which began closing this past May, have also sold for more than their original purchase price. These included the city’s biggest transaction so far this year: the purchase of two full floors in June by an anonymous buyer for a combined $157.5 million.

The other recent closing at the building, an apartment on the 41st floor that sold for $26.3 million, offers three bedrooms and three and a half bathrooms and extends 3,043 square feet, according to the condominium’s most recent offering plan. The buyer made the transaction through the Delaware-based limited liability company Blair Holdings.

The limestone-clad tower near Columbus Circle was designed by Robert A.M. Stern Architects.

Another of the firm’s limestone creations, 30 Park Place in TriBeCa — a 6,127-square-foot triplex with five bedrooms, five full bathrooms, two powder rooms and two 34-by-12-foot loggia terraces — sold for $32 million. This was $2 million more than what was paid four years ago.

Mr. Mnuchin’s duplex, which sold for $22.5 million, sits on the eighth and ninth floors of 740 Park Avenue, an exclusive, limestone apartment house designed by Rosario Candela in the late 1920s on the corner of East 71st Street. It has around 6,500 square feet and features five bedrooms, six and a half bathrooms, a wood-paneled library with a wet bar, a formal dining room and staff quarters.

The primary bedroom suite, on the upper level, has a fireplace, two marble bathrooms, three walk-in closets, a dressing room and an office.

The home had been in Mr. Mnuchin’s family since the 1960s. He bought it in 2000 from an aunt, Carol Terner Lederman, who acquired it from her father, Emanuel Terner, who made his fortune in beer and soda bottles. Ms. Lederman was also a listing agent for the apartment, along with her colleague at Warburg Realty, Judy Kloner.

Mr. Mnuchin owns other homes with his wife, the actor Louise Linton, including a mansion in Washington where they lived while he served as treasury secretary under President Trump. He first put the Upper East Side duplex on the market in 2009, asking $37.5 million. The most recent asking price was reduced to $25.75 million.

Source link Real Estate

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