A three-bedroom co-op in the Rosario Candela-designed 720 Park Avenue, the epitome of 1920s Gilded Age grandeur, is on the market for $20 million. It was once part of an even grander duplex that belonged to onetime Macy’s president and ambassador to France Jesse I. Straus. The lower unit is asking $23 million. The two owners are offering a $43M combo that could restore the home to its original impressive status with eight bedrooms and staff quarters that, according to the Wall Street Journal, include a flower room, a vegetable closet and a valet room where cuffs and collars were pressed.
720 park avenue
720 Park Avenue could not be built today. Image via Google Maps
Many feel that the city’s current construction boom is unprecedented, but while towers may be reaching new heights, according to a new report by architecture firm KPF, nearly three-quarters of the city’s existing square footage was actually built between the 1900s and 1930s. More interestingly, The Times points out that forty percent of the buildings that currently make up Manhattan could not be built today because they break at least one zoning code violation—among which include being too tall, having too many residential units, or having too much commercial space.