740 Park Avenue
|740 Park Avenue|
under renovation in 2008
|Location||740 Park Avenue|
|Design and construction|
|Architect||Rosario Candela and Arthur Loomis Harmon|
740 Park Avenue was constructed in 1929. It was designed by Rosario Candela and Arthur Loomis Harmon, the design partner of Shreve, Lamb and Harmon. It was built by James T. Lee, grandfather of Jacqueline Kennedy Onassis.
Units in the building have regularly sold for some of the highest prices in New York City. In 2000, Stephen Schwarzman purchased Saul Steinberg's apartment for "slightly above or below $30 million," which was reportedly the highest price ever paid on Park Avenue. The apartment was previously owned by John D. Rockefeller, Jr., who moved to the building in 1937.
Life in the building is amusingly described in the New York Social Diary. In 2005, author Michael Gross published a detailed book on the building and its history, 740 Park: The Story of the World's Richest Apartment Building. According to Gross, builder Lee's daughter Janet Lee Bouvier and son-in-law Jack Bouvier took the final open lease (according to one account, for free), and their daughter Jacqueline Kennedy Onassis grew up there.
The building is said to have the highest concentration of billionaires in the United States.
The 19-story building has an Art Deco limestone exterior. It has 31 units, many being duplexes. Units often feature formal dining rooms, libraries, living rooms of 40 by 23 feet and spacious entrance halls known as "galleries."
- Thelma Chrysler Foy – heiress to the Chrysler fortune
- David H. Koch – businessman, co-owner of Koch Industries, occupies an 18-room duplex on the fourth and fifth floors said to have been purchased in 2005 for $17 million.
- Jerzy Kosinski – novelist
- Ronald Lauder – businessman, son of Estée Lauder and brother of Leonard Lauder
- Howard Marks – chairman of Oaktree Capital Management
- J. Ezra Merkin – hedge fund manager, son of late businessman Hermann Merkin
- Woody Johnson – heir to the Johnson & Johnson fortune
- Jacqueline Kennedy Onassis – childhood home
- Ronald Perelman – businessman
- John D. Rockefeller, Jr. – businessman, lived from 1937 to 1960 in a 24-room, 12-bath duplex.
- Steve Ross – late CEO of Time Warner
- Stephen A. Schwarzman – CEO of the Blackstone Group (who bought it from Saul Steinberg for just over $35 million).
- Saul Steinberg – financier
- John Thain – last chairman and CEO of Merrill Lynch.
- Vera Wang – bridal gown designer who inherited a 10th and 11th floor duplex from her father, Cheng Ching Wang.
- Gross, Michael. "Where the Boldface Bunk", The New York Times, March 11, 2004. Accessed October 8, 2007.
- The King of Central Park West, Vanity Fair, Paul Goldberger, Sept. 2008, 
- Josh Barbenel (October 29, 2006). "The Candidate as Landlord". The New York Times. Retrieved 2007-04-10.
- "Rockefeller Apartments". Time Magazine. 1936-10-26. Retrieved 2007-04-10.
- The Root of All Evil and Home Sweet Home
- Rogers, Teri Karush. "Peeking Behind the Gilded Walls of 740 Park Ave.", The New York Times, October 9, 2005. Accessed August 15, 2007.
- "Merrill Lynch CEO Thain Spent $1.22 Million On Office". CNBC.com. January 22, 2009. Retrieved 2009-01-22.
- Michael Gross. 740 Park: The Story of the World's Richest Apartment Building, Broadway Books, 2005, ISBN 978-0-385-51209-1
- Michael Gross. "Where the Boldfaced Bunk", The New York Times, March 11, 2004
- Carter B. Horsley. "740 Park Avenue", The Upper East Side Book (gives references to articles about Candela's design for the building)
- Christopher Gray. "Streetscapes: 740 Park Avenue; Repairs for a '29 Luxury Co-op", The New York Times, October 21, 1990
- Andrew Alpern. The New York Apartment Houses of Rosario Candela and James Carpenter, Acanthus Press, 2001
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