Photo courtesy of The Corcoran Group

A mansion-sized 14-room duplex at 740 Park Avenue, a building considered to be Manhattan’s most luxurious residential address, is now on the market for $26,000,000. Built in 1929 by James T. Lee, grandfather of Jacqueline Bouvier (later Kennedy Onassis), who lived there as a girl, the Art Deco building was designed by Rosario Candela. One of its first notable residents was John D. Rockefeller, Jr., who resided in a duplex similar to the one featured here.

Step inside one of the city’s grandest homes

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.

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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.

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There have been some big price chops for an apartment at 740 Park Avenue, one of New York’s most iconic co-ops, once lived in by Jacqueline Kennedy Onassis herself. The former first lady—whose grandfather developed 740 Park in 1929—lived in this apartment between the ages of two to seven. It is now owned by David Ganek, a hedge fund manager, who has used the Rosario Candela-designed co-op as a home for his impressive modern art collection. He first listed it in 2014 for $44 million, and now it’s on its third price chop down to $29.5 million.

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• A 740 Park Avenue pad just traded hands for $71.3M, making it the most expensive NYC co-op ever sold. The apartment was originally listed for $48M. [Curbed]
• Forest City Ratner wants to take over producing the modular units for the stalled B2 tower at Pacific Park next to the Barclays Center. The developer is currently embroiled in a legal dispute with the contracting company, Skanska USA. [Crain’s]
• New renderings of ‘The Shops’, the Hudson Yard’s planned one million square feet of retail space. [NY YIMBY]
• When (and if?) completed, the WTC transit hub designed by Santiago Calatrava will have cost between $3.7 and $4 billion—way over its $2 billion budget. [WSJ]

The Shops (left); 740 Park Avenue (right)