Steven Mnuchin sells duplex on Park Avenue for $ 22.5 million
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Other resales, which started to close last May, also sold for more than their original purchase price. These include the city’s biggest deal yet this year: the purchase of two complete floors in June by an anonymous buyer for a combined $ 157.5 million.
The building’s other recent closure, a 41st-floor apartment sold for $ 26.3 million, offers three bedrooms and three and a half bathrooms and spans 3,043 square feet, according to the most recent plan by offer of co-ownership. The buyer made the transaction through Delaware-based limited liability company Blair Holdings.
The limestone-covered tower near Columbus Circle was designed by Robert AM Stern Architects.
Another of the company’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. It was $ 2 million more than what was paid four years ago.
M. Mnuchin’s duplex, which sold for $ 22.5 million, is on the eighth and ninth floors of 740 Park Avenue, an exclusive limestone apartment building designed by Rosario Candela in the late 1920s on the corner of East 71st Street. It is approximately 6,500 square feet and includes five bedrooms, six and a half baths, a wood-paneled library with a wet bar, a formal dining room, and staff quarters.
The master bedroom, on the upper level, has a fireplace, two marble bathrooms, three dressing rooms, a dressing room and an office.
The house had belonged to Mr. Mnuchin’s family since the 1960s. He bought it in 2000 from an aunt, Carol Terner Lederman, who acquired it from his father, Emanuel Terner, who made a fortune in the bottles of beer and soda. Ms Lederman was also the apartment’s listing agent, along with her colleague from Warburg Realty, Judy Kloner.
Mr Mnuchin owns other homes with his wife, actress Louise Linton, including a mansion in Washington where they lived when he was Secretary of the Treasury under President Trump. He first put the Upper East Side duplex on the market in 2009, asking for $ 37.5 million. The most recent asking price has been reduced to $ 25.75 million.
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