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740 Park Avenue, #2/3D

$25,000,000 -12.3% | 5 beds, 6+ baths
View Full Building Profile  | 
163 days on Market

Key Details

  • Listed: Nov 17, 2023
    Last Price Change: -12.3% ($3.5M) on Nov 28
    Days on Market: 163
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,798 times
Monthly Maintenance: $14,044
Est. Monthly Mortgage: $138,067
Total Est. Monthly Carrying Cost: $152,111
Note: the above is based on a down payment of 20% ($5,000,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Price: This luxurious cooperative apartment is located at 740 Park Avenue, #23D in the prestigious Park/Fifth Ave. to 79th St. neighborhood. It is listed for $28,500,000 with a monthly maintenance fee of $14,044.
  • Building and Amenities: Built in 1930, the building houses 31 apartments across 19 floors. It offers full-service staff, a private fitness center, dedicated storage units, and an attended lobby with concierge and intercom. The building also features a washer/dryer, elevator, and laundry room.
  • Apartment Features: The apartment boasts 5 bedrooms, 6+ bathrooms, a private elevator landing, a large rectangular gallery, a corner living room with a wood-burning fireplace, and a wood-paneled library with another fireplace. It also has a large formal dining room with an adjacent conservatory and a state-of-the-art chef’s kitchen.
  • Additional Rooms: The property includes two staff bedrooms with a shared bathroom, a laundry room, a primary suite with a corner bedroom, a sitting room/bedroom, two large marble-clad bathrooms, and two well-fitted closets. There are also three additional bedrooms with ensuite baths and a second laundry room that can be used as an office.
  • Design and Detail: The apartment features high ceilings, grandly-scaled windows, herringbone floors, and distinctive period detail. It also includes a terrace and does not have a garage or roof deck.
  • Pet Policy: Pets are welcome in this building.

Description

Considered by many to be among the finest examples of pre-war apartment house architecture, 740 Park Avenue is defined by its stately proportions and unsurpassed elegance. Drawn by Rosario Candela and Arthur Loomis Harmon in 1929, the plans for this esteemed building remain a standard for gracefully functional design and serve still as inspiration for today’s most sought-after buildings. Ideally located on East 71st Street, this marvelous and newly-renovated duplex residence is distinguished by a refined and quiet sophistication, impressive scale, and superb original architectural detail.

Accessed by a private elevator landing, the large rectangular Gallery opens to three grand entertainment rooms and features an elegantly-curved staircase to the upper floor. A substantial corner Living Room, nearly 37’ in length, and the wood-paneled Library both boast wood burning fireplaces and pretty treetop outlooks. The Living Room has the additional benefit of an adjoining high-walled private Terrace.

Equally impressive is the very large formal Dining Room with its adjacent Conservatory. A Powder Room and coat closet are conveniently accessible. Nearby, a very spacious and well-appointed state-of-the art chef’s Kitchen is supported by a well-appointed butler’s Pantry with a back staircase to the upper level, a Breakfast Room, two Staff Bedrooms with a shared bathroom, a Laundry Room, and a Powder Room.

Above, the tranquil private quarters feature a Primary Suite that includes a wonderful corner Primary Bedroom with a wood burning fireplace and leafy southern and western outlooks, a Sitting Room/Bedroom, currently configured as an Office, two large marble-clad bathrooms, and two well-fitted and very ample closets. There are three additional generously-proportioned Bedrooms, all of which have capacious closets and ensuite baths. Two of the Bedrooms open onto a delightful shared room, currently configured as a Playroom.

Nearby, there is a small Office that also serves as a second Laundry Room. With southern, western, and northern outlooks, this splendid duplex residence is blessed with pleasing and graceful proportions, which lend themselves effortlessly to the notion of elegant entertaining. These are enhanced by soaring high ceilings, grandly-scaled windows, gorgeous herringbone floors, and distinctive period detail.

740 Park Avenue is renowned for its expert and attentive staffing, which includes full-time doormen and porters, as well as a resident manager. Its gorgeous limestone façade is complemented by a sublimely elegant lobby. Residents also benefit from a state-of-the-art private fitness center and dedicated storage units.

Pets are welcome. Co-exclusive.

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Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About 740 Park Avenue

93

740 Park Avenue has received a CityRealty Rating of 93, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

30
Out of 44
+
28
Out of 36
+
25
Out of 39
+
10
=
93
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
Present 1 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
No Consistency 0 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
Very Attractive 3 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Health Club
  • Intercom
  • Washer/Dryer in building
  • Elevator
  • Laundry Room
  • Fireplaces
  • Landmarked
  • Terraces / Balconies

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Pros
  • Grand apartments
  • Sidewalk landscaping
  • Storage
  • Health club
  • Doorman
  • Concierge
  • High ceilings
  • Fireplaces
  • Doorman
  • Prime location
  • Extremely exclusive and expensive
  • Close to Subway
Cons
  • No garage
  • No roof deck
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Subways

  1. 6
at Lexington Ave 0.19 miles
  1. F
at Lexington Ave and 63rd 0.43 miles

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