James T. Lee, Jacqueline Kennedy Onassis‘ grandfather, was a prolific NYC developer at the beginning of the 20th century, bestowing upon the city some of its most elegant co-ops like 998 Fifth Avenue and the Rosario Candela-designed 740 Park Avenue. He himself took up residency in the latter building when it was completed in 1930 and gifted another apartment in the Upper East Side building to his daughter Janet and her husband John V. Bouvier; Jackie O lived there with her parents between the ages of two to seven. In more recent years, hedge fund manager David Ganek and his wife bought the duplex in 2005 for $19.1 million, using it to also showcase their impressive modern art collection. The couple first listed the home for $44 million in 2014, and after several price chops, it’s finally sold $25.25 million reports the Journal. Jacob M. Safra of the billionaire Safra family, of Brazilian banking fame, is the buyer.
The Ganeks renovated the 12-room residence on the sixth and seventh floors. Guests first enter a large marble gallery that boasts a sweeping staircase and the first sampling of Ganek’s art collection, which includes Andy Warhol, John Baldessari, Richard Prince, Cindy Sherman, and Edward Ruscha, to name a few.
On the “entertaining floor” is a “baronial” living room facing Park Avenue, a library with the original wood paneling, and a formal dining room, all of which have their own fireplace.
The kitchen is also on the main floor and has its own breakfast room and two staff quarters.
The master suite is upstairs. It overlooks Park Avenue and comes complete with two marble bathrooms, two dressing rooms, and two offices. This floor also holds three more bedrooms, all with ensuite baths, a laundry room, and a media room.
In addition to this Park Avenue beauty, Jackie O spent her childhood summers at an 11-acre East Hampton estate that was owned by her other grandfather, John Vernou Bouvier Jr. It’s on the market for $35 million. Outside of NYC, she lived in the Washington, D.C. suburb of McLean, Virginia at the Merywood Estate, also currently for sale for $50 million.
[Listing: 740 Park Avenue, 6/7A by the Alexander Team for Douglas Elliman]
- Jacqueline Kennedy Onassis’s childhood home gets a major price cut to $29.5M
- Hamptons estate where Jackie O spent her childhood summers lists for $50M
- Timeless Trophy: 740 Park Avenue
Photos courtesy of Douglas Elliman
Tags : 740 Park Avenue, Jackie O, Jacqueline Kennedy Onassis
Neighborhoods : Upper East Side