Jackie Kennedy Onassis’ extravagant childhood home at 740 Park Avenue, Manhattan’s most prestigious co-op building, recently sold for $25.25 million. After three years and multiple price cuts, the 4-bedroom co-op was finally sold to Jacob M. Safra of the billionaire Brazilian Safra banking family.
The duplex at unit 6/7A, which was originally developed by Jackie’s grandfather James T. Lee back in 1930, is in one of the most exquisite (and exclusive) buildings designed by world-famous architect Rosario Candela.
PC: 6sqft
Hedge fund manager David Ganek has owned the apartment since 2005, when he purchased it for $19.1 million. While last week’s $25.5 million price tag may seem steep, the deal is actually a (relatively) good bargain. Back in 2014, Ganek originally listed the apartment for a whopping $44 million.
PC: 6sqft
The Ganeks renovated the property while they lived there and populated it with art by Andy Warhol, John Baldessari, Richard Prince, Cindy Sherman, and Edward Ruscha, to name a few. On the first floor of the unit is a spacious living room facing Park Avenue, a library with the original wood paneling, and a formal dining room, all with their own fireplaces.
The kitchen is also on the first floor and has its own breakfast room and two staff quarters neighboring it.
PC: 6sqft
The second floor features the master bedroom with two bathrooms, three more bedrooms with ensuite baths, a laundry room, and a media room.
As for the duplex’s buyer, the Safra family is no stranger to NYC real estate. The family already purchased the former Manhattan Country School headquarters for $20 million and a three-townhouse parcel asking $120 million, which was once the most expensive property for sale in NYC.
