740 Park Avenue, #6/7D, New York (Upper East Side), NY, 10021 | $22,000,000

Perfectly situated in Rosario Candela's most coveted building, 740 Park Avenue, this palatial sixteen-into-fourteen-room southwest corner duplex is a true architectural masterpiece. Drenched in sunlight, the residence is distinguished by ceilings soaring to nearly 11 feet, three wood-burning fireplaces, and an extraordinary abundance of beautifully preserved historic detail. The home offers five bedrooms, five full bathrooms, and two powder rooms, along with grand entertaining rooms including a living room, formal dining room, conservatory, library, windowed eat-in kitchen and breakfast room, as well as an oversized staff room and windowed laundry room.

The residence unfolds across two levels and is defined by remarkable scale, elegant flow, and gracious entertaining spaces. Accessed via a private elevator landing, guests are welcomed into an impressive rectangular gallery, anchored by Candela's signature curved staircase ascending to the upper floor. From the gallery, a magnificent suite of entertaining rooms unfolds in perfect sequence. The expansive corner living room and richly paneled library, each with a wood-burning fireplace, face south and are bathed in natural light throughout the day while enjoying wonderfully open city views. The living room also captures western outlooks over St. James' Church toward Central Park . There is an impressive formal dining room, ideal for large-scale gatherings, with an adjoining conservatory that connects gracefully to the living room. An elegant powder room and coat closet are off the gallery.

The expansive windowed eat-in kitchen is thoughtfully designed with ample room for dining and is complemented by a separate windowed breakfast room. The kitchen has a well-appointed service pantry, staff bedroom and bath, laundry room, and an additional powder room. A discreet back staircase provides direct access to the upper level.

The upper floor is dedicated to the private quarters. The primary suite, formed by combining two bedrooms, occupies a prime southwest corner and houses the third wood-burning fireplace. It has an expansive windowed dressing room and an ensuite bath with two sinks, two water closets, a separate shower, and a soaking tub. Adjacent is a large south-facing bedroom with its own windowed bath and wet bar. Three additional generously scaled bedrooms, each with excellent closet space, are served by two additional windowed bathrooms.

The building allows no financing, and there is a 3% flip tax paid by the purchaser. A storage room and wine cellar are assigned to each apartment.

Built in 1929, 740 Park Avenue is among the most celebrated residential landmarks in Manhattan, distinguished by its monumental, fluted limestone facade. The impeccably staffed co-operative offers residents the highest level of white-glove service and privacy, including full-time doormen, porters, a live-in resident manager, and a private fitness center.

Features

  • Town: New York
  • Cooling: Window Units
  • Levels: 19
  • Amenities: Fitness Room; Laundry Room; Private Storage;
  • Rooms: 14
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Laundry: Other
  • Year Built: 1930
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Concierge: Yes
  • Doorman: FullTime
  • OLR#: RLS20077698
  • Days on Market: 33 days
  • Website: https://www.raveis.com
    /prop/RLS20077698/740parkavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.

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NMLS Mortgage Loan Originator ID 23716

781.490.5670

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740 Park Avenue, #6/7D, New York (Upper East Side), NY, 10021

$22,000,000

Alexandrine Miller

Sales Associate

William Raveis Real Estate

Phone: 978.483.1723

Alexandrine.Miller@raveis.com

Andrew van Dyk

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 781.490.5670

Andrew.vanDyk@raveis.com

NMLS Mortgage Loan Originator ID 23716

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $17,600,000 $17,600,000 $17,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $97,188 $105,521 $146,152
Total Monthly Payment $97,313 $105,646 $146,277

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.