Real Estate

Steven Mnuchin Sells a Duplex on Park Avenue for $22.5 Million

Apartments at the ultraexpensive 220 Central Park South continue to appreciate in value in resales.

The financier Richard Leibovitch just sold his unit there on half of the 31st floor for $33 million, a nearly 26 percent increase from what he had paid in late 2018. Also closing in the Midtown tower, at almost $26.3 million: a half-floor residence on the 41st floor, this one bought brand-new from the developer.

Steven Mnuchin, the former secretary of the Treasury, sold a duplex at 740 Park Avenue, on the corner of East 71st Street.Credit… Emil Salman/Pool via Reuters
The duplex, which sold for $22.5 million, had five bedrooms, six and a half bathrooms, a wood-paneled library and a formal dining room.Credit…Katherine Marks for The New York Times

But the biggest transaction in New York City in September, and among the largest for 2021, was recorded on the final day of the month at a nearby building, 217 West 57th Street, a.k.a. Central Park Tower. An apartment on the 53rd floor sold for $50 million. The buyer made the purchase using the limited liability company Star Park Tower. The 1,550-foot-tall tower was designed by Adrian Smith + Gordon Gill Architecture for Extell Development and Shanghai Municipal Investment.

In other September sales, Steven Mnuchin, the former secretary of the Treasury, bid a final farewell to 740 Park Avenue, the majestic co-op building where a grand duplex that he owned and had been in his family since the 1960s finally had a buyer.

A few blocks away were other pricey co-op sales. A duplex at 895 Park Avenue was sold by the billionaire investment banker Joshua Harris, a principal owner of the New Jersey Devils hockey team and the Philadelphia 76ers basketball team, and his wife, Marjorie Harris. An apartment at 998 Fifth Avenue was sold by a trust for Florence Irving, a prominent philanthropist who died in 2018.

The architect I.M. Pei’s heirs sold his longtime home on the Far East Side, where he had lived until his death at age 102 in 2019. And the estate of the L.G.B.T. philanthropist Henry van Ameringen sold his Greenwich Village co-op.

Other notable transactions included the sale of the townhouse at the Carlton House on the Upper East Side by Jonathan Sandelman, an investment banker turned cannabis executive, and his wife, Alicia Bona Sandelman, and an apartment, also on the Upper East Side, purchased by Anthony Ledru, the newly named head of Tiffany & Company, and his partner, Maria Victoria Alianelli.

At 220 Central Park South, Mr. Leibovitch’s apartment, which sold for $33 million, was acquired by a trust for Jonathan D. Lewis, who runs a management consulting business in Miami. The unit encompasses 3,703 square feet. It has four bedrooms, four full bathrooms and a powder room, along with panoramic views of Central Park and beyond.

Mr. Leibovitch, a managing partner of the real estate investment firm Ariel Capital, bought the home for $26.2 million in late 2018, then put it back on the market just over a year later with an initial price tag of $36 million.

Other resales, which began closing this past May, have also sold for more than their original purchase price. These included the city’s biggest transaction so far this year: the purchase of two full floors in June by an anonymous buyer for a combined $157.5 million.

The other recent closing at the building, an apartment on the 41st floor that sold for $26.3 million, offers three bedrooms and three and a half bathrooms and extends 3,043 square feet, according to the condominium’s most recent offering plan. The buyer made the transaction through the Delaware-based limited liability company Blair Holdings.

The limestone-clad tower near Columbus Circle was designed by Robert A.M. Stern Architects.

Another of the firm’s limestone creations, 30 Park Place in TriBeCa — a 6,127-square-foot triplex with five bedrooms, five full bathrooms, two powder rooms and two 34-by-12-foot loggia terraces — sold for $32 million. This was $2 million more than what was paid four years ago.

Mr. Mnuchin’s duplex, which sold for $22.5 million, sits on the eighth and ninth floors of 740 Park Avenue, an exclusive, limestone apartment house designed by Rosario Candela in the late 1920s on the corner of East 71st Street. It has around 6,500 square feet and features five bedrooms, six and a half bathrooms, a wood-paneled library with a wet bar, a formal dining room and staff quarters.

The primary bedroom suite, on the upper level, has a fireplace, two marble bathrooms, three walk-in closets, a dressing room and an office.

The home had been in Mr. Mnuchin’s family since the 1960s. He bought it in 2000 from an aunt, Carol Terner Lederman, who acquired it from her father, Emanuel Terner, who made his fortune in beer and soda bottles. Ms. Lederman was also a listing agent for the apartment, along with her colleague at Warburg Realty, Judy Kloner.

Mr. Mnuchin owns other homes with his wife, the actor Louise Linton, including a mansion in Washington where they lived while he served as treasury secretary under President Trump. He first put the Upper East Side duplex on the market in 2009, asking $37.5 million. The most recent asking price was reduced to $25.75 million.

The buyer was Lacy A. Tisch, the daughter of Andrew Tisch, the co-chairman of the Loews Corporation.

Joshua Harris, a principal owner of the New Jersey Devils hockey team and the Philadelphia 76ers basketball team, and his wife, Marjorie Harris, sold a duplex for $16 million at 895 Park Avenue.Credit…Lucy Nicholson/Reuters
There are few details about the apartment, on the fourth and fifth floors of 895 Park, which apparently was sold in an off-market deal.Credit…Konrad Fiedler for The New York Times

The Harrises’ duplex, which closed at $16 million, was acquired through a trust by Laura Blankfein, a philanthropist and the wife of the investment banker Lloyd Blankfein, the senior chairman of Goldman Sachs.

The apartment was apparently sold in an off-market deal, so there are few details available about the unit, situated on the fourth and fifth floors of 895 Park Avenue. Other duplexes in the limestone-and-brick co-op building, which was built in 1930 between 78th and 79th Streets, have five or six bedrooms and seven and a half baths.

Mr. Harris is a founder of Apollo Global Management, an alternative investment fund.

Ms. Irving’s Upper East Side co-op was sold for $22 million, below its most recent $24 million asking price. The home has four bedrooms and five and a half bathrooms, along with staff quarters, a windowed gallery and stunning views of Central Park and the nearby Metropolitan Museum of Art.

The new owners were listed as Robert and Tracey Pruzan.

Ms. Irving was the wife of Herbert Irving, a founder of the food services giant Sysco Corporation who died in 2016, two years before her death. The Irvings had been major donors to the Columbia University Medical Center and NewYork-Presbyterian Hospital.

Mr. Pei’s home, a four-story townhouse facing the East River at 11 Sutton Place, was sold through a trust for $8.6 million, above the $8 million asking price. The buyer was listed only as Gardner Tompkins L.L.C.

Mr. Pei, a Pritzker Prize recipient who designed the Louvre Pyramid in Paris, died in May 2019; his wife, Eileen, died in 2014. The two had purchased the house in 1973 from Laura F. Delano, a cousin of President Franklin Delano Roosevelt, reportedly for around $250,000.

The couple raised their three sons and daughter there, and over the years, Mr. Pei added numerous architectural flourishes. These included a spiral staircase capped with a large oblong skylight, elegant soapstone mantels for the wood-burning fireplaces and floor-to-ceiling glass windows overlooking a backyard garden.

The house measures around 3,800 square feet, and contains four bedrooms, three full bathrooms and three powder rooms, along with a library that could be converted into another bedroom. There is a wine cellar and laundry in the basement.

Mr. Pei’s family had initially listed the property in 2019, but then removed it from the market for several months after the pandemic was declared.

Another estate sale, the apartment of Mr. van Ameringen, on the 11th floor of 37 West 12th Street, sold for $5.2 million, to a trust. It has three bedrooms, three bathrooms and a terrace with downtown city views. Mr. van Ameringen died in September 2020.

The Sandelmans, who reportedly just closed on a mansion in Miami,sold their townhouse unit at 21 East 61st Street, at Madison Avenue, a.k.a. the Carlton House, through a trust for nearly $25.2 million. The couple had paid $27.5 million for it in early 2019.

The home encompasses 9,742 square feet and includes six bedrooms and seven and a half bathrooms. The buyer’s identity was shielded under the limited liability company Eversnow.

Mr. Sandelman, who once served as president of Bank of America Securities, now runs Ayr Wellness, which cultivates and manufactures medical marijuana and cannabis products.

Anthony Ledru, the newly named head of Tiffany & Company, and his partner, Maria Victoria Alianelli, bought an apartment on East End Avenue.Credit…Krista Schlueter for The New York Times
The apartment, which faces the East River, was purchased for $7.2 million and has four bedrooms and four and a half bathrooms.Credit…Michael Appleton for The New York Times

Mr. Ledru’s new apartment, at 170 East End Avenue, facing the East River between 87th and 88th Streets, was purchased for $7.2 million. The 3,373-square-foot unit, initially listed for $8 million last year, has four bedrooms and four and a half bathrooms. There are also two spacious terraces, one off the living room, and another beyond the primary bedroom suite.

The home is about a half-hour subway ride to the Fifth Avenue headquarters of Tiffany’s, where Mr. Ledru began serving as chief executive early this year.

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