{"id":244108,"date":"2026-05-26T17:29:45","date_gmt":"2026-05-26T17:29:45","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/244108\/"},"modified":"2026-05-26T17:29:45","modified_gmt":"2026-05-26T17:29:45","slug":"co-op-at-740-park-avenue-tops-manhattans-luxury-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/244108\/","title":{"rendered":"Co-op at 740 Park Avenue Tops Manhattan\u2019s Luxury Market"},"content":{"rendered":"

A duplex at one of Manhattan\u2019s most exclusive co-ops topped the borough\u2019s luxury market ahead of the Memorial Day Weekend.\u00a0<\/p>\n

The apartment at 740 Park Avenue, last asking $22 million, was the priciest of 29 Manhattan homes asking $4 million or more to find buyers between May 18 and May 24, according to Olshan Realty\u2019s weekly report. The total was down from the 38 deals inked in the previous period<\/a>, though it was on par with the week\u2019s decade average.\u00a0<\/p>\n

Unit 6\/7D at the Rosario Candela-designed building hit the market in February 2025 with a $28 million asking price. It has five bedrooms and five bathrooms, 11-foot ceilings, and three wood-burning fireplaces.\u00a0<\/p>\n

The co-op has been home to some of the city\u2019s most famous names, including John D. Rockefeller and Jacqueline Kennedy Onassis<\/a>, who lived there as a child.\u00a0<\/p>\n

Earlier this year, billionaire hedge funder Ken Griffin paid $38 million<\/a> for another duplex at the building, more than a decade after hedge funder Israel Englander broke the record for the priciest co-op sale in Manhattan when he paid more than $71 million for his apartment in the building.\u00a0<\/p>\n

Corcoran\u2019s Cathy Franklin, Alexis Bodenheimer and Shannon Suydam had the listing.\u00a0<\/p>\n

The second most expensive home to snag an inked deal was a condo at Extell Development\u2019s 50 West 66th Street<\/a>, which had a last asking price of $16.7 million. Unit 41W spans 2,800 square feet and has three bedrooms and three bathrooms. It also features ceilings over 14 feet and a loggia with views of the Hudson River and Central Park.<\/p>\n

Since the start of the year, five condos at the Lincoln Square skyscraper have nabbed either the first or second most expensive signed contract in Olshan\u2019s weekly report, including in April, when Unit 56N found a buyer with an asking price over $35 million<\/a>.\u00a0<\/p>\n

Douglas Elliman\u2019s Janice Chang, Corcoran\u2019s Hilary Landis and Beth Benalloul and an in-house team with Extell are heading sales at the 127-unit building. Deals for 90 condos have closed so far, with sales averaging $3,700 per square foot.<\/p>\n

Amenities in the supertall include a fitness center, indoor and outdoor pools and pickleball courts.\u00a0<\/p>\n

Of the 29 properties to enter contract last week, 17 were condos, nine were co-ops, two were condops and one was a townhouse.\u00a0<\/p>\n

The homes were priced at a combined $228 million, which works out to an average of $7.9 million and a median of $6 million. The typical home was on the market for more than a year and a half and was discounted by 9 percent.<\/p>\n

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Ken Griffin buyer in $38M deal for 740 Park Ave duplex<\/p>\n

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\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A duplex at one of Manhattan\u2019s most exclusive co-ops topped the borough\u2019s luxury market ahead of the Memorial…\n","protected":false},"author":2,"featured_media":244109,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,42980,83,9,24,63],"class_list":["post-244108","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-luxury-market","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/244108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=244108"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/244108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/244109"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=244108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=244108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=244108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}