Treasury Secretary Steven Mnuchin has just listed the Park Avenue duplex that has been in his family since the 1960s for $32.5 million, the New York Post reports. Mnuchin bought the 12-room, 6,500 square-foot Upper East Side duplex from his aunt for $10.5 million in 2000, so even if the co-op in tony 740 Park Avenue doesn’t fetch the ask, he’ll pocket a tidy profit. The Rosario Candela-designed building is known for its wealthy residents who have included Rockefellers, Kochs and Bronfmans as well as being Mrs. Onassis’ childhood home. The former Goldman Sachs investment banker and Hollywood film producer was based in California before accepting a position with the Trump administration and has never claimed the Park Avenue home as his primary residence.
The builiding, constructed in 1929 by Jacqueline Kennedy Onassis’ grandfather James T. Lee, is considered to be one of New York City’s Art Deco masterpieces. The sprawling duplex apartment has the advantage of having undergone thorough renovations while maintaining its gracious pre-war style.
A private elevator landing opens to a gallery with gleaming marble floors and 11-foot ceilings at the base of a dramatic staircase. The first floor offers a suite of entertaining rooms, each with a wood-burning fireplace. Four oversized windows span 34 linear feet of Park Avenue frontage. A wood-paneled library with a wet bar abuts a formal dining room.
A large, classic windowed kitchen is anchored by a marble-topped center island, and there is an additional large breakfast room. Top-of-the-line appliances include two Sub-Zero refrigerators, two Miele dishwashers, a Viking rang and a wine refrigerator. This floor also includes a maid’s room, laundry room and a full bath.
On the top floor is a spacious master suite, three additional bedrooms and a den/media room.
The lush master suite boasts several walk-in closets, a wood-burning fireplace, a study, a dressing room and two marble bathrooms. The restored classic co-op has been modernized with state-of-the-art lighting, central air and built-in sound systems. The full-service building offers a fitness center and private storage.
- Wilbur Ross cuts price of Billionaires’ Row penthouse for the third time
- After three years, Jacqueline Kennedy Onassis’s childhood home on the UES sells for $25M
- News anchor Cynthia McFadden’s UES townhouse, once home to director Elia Kazan, asks $6M
- Timeless Trophy: 740 Park Avenue
Images courtesy of Warburg Realty.
Neighborhoods : Upper East Side