740 Park Avenue
Between East 71st Street & East 72nd Street | Park/Fifth Ave. to 79th St.
Key Details
- Co-op
- Built in 1930
- 31 Apartments
- 19 Floors
- Size From # avail
- Studios $3,950,000 1
- 2 Beds $3,995,000 1
- 4 Beds $29,500,000 1
- 5 Beds $27,500,000 1
- Last updated Jun 20, 2017
- View apartments for sale
- Size Avg. Price # Sold
- 4 BEDS $18,000,000 1
- Avg. Price based on 1 closings during past 12 months Last updated Jun 25, 2017
- View all recent sales
Overview
- #17 Rated co-op in Manhattan
- #9 Rated co-op - Upper East Side
- #5 Rated co-op - Park/Fifth Ave. to 79th St.
The conservatively elegant edifice at 740 Park Avenue on the southwest corner at 71st Street is muted luxury: its polished granite entrance reeks of the prospects of satin sheets and the promise of the echoes of fine crystal.
The 31-unit, 19-story building also has an entrance on the side-street at 71 East 71st Street.
It was designed by Rosario Candela with Arthur Loomis Harmon, the design partner of Shreve, Lamb & Harmon, which designed the Empire State Building.
It was built in 1930.
740 Park Avenue was developed by James T. Lee on the site of his own private house and a limestone mansion that belonged to George Brewster. Lee had been a major developer whose other projects included 998 Fifth Avenue, designed by McKim, Mead & White in 1910, and the Shelton Hotel on Lexington Avenue between 48th and 49th Streets, designed by Arthur Loomis Harmon in 1924.
In his book, “The New York Apartment Houses of Rosario Candela and James Carpenter,” Andrew Alpern noted that Brewster took an apartment in the building that was later acquired by John D. Rockefeller Jr., who expanded it from a duplex to a triplex. It was later reconfigured as a duplex.
The building, according to Mr. Alpern was “constructed as a co-operative venture but later became a conventional rental apartment house.” “A reconversion to co-operative ownership was proposed in 1948 at a total price of $3.5 million but was not completed. In 1952, Rockefeller bought the building from William Zeckendorf, who had held it for only a brief time. The following year Rockefeller resold it to himself and his neighbors as a newly reconstituted co-operative for a total price of $3.8 million,” Mr. Alpern noted.
Features & Amenities
- Attended Lobby
- Concierge
- FT Doorman
- Hi Rise
- Pre War
- Basement Storage
- Health Club
- Intercom
- Elevator
- Laundry Room
Apts For sale AT 740 Park Avenue (4)
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Nearby Subway Stations
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F
F
- Lexington Av (at Lexington Ave and 63rd) (0.43 miles)
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6
6
- 68th Street - Hunter College (at Lexington Ave) (0.19 miles)
Carter Horsley's Review
740 Park Avenue
The pros & cons
- Grand apartments
- Sidewalk landscaping
- Storage
- Health club
- Doorman
- Concierge
- High ceilings
- Fireplaces
- Doorman
- Prime location
- Extremely exclusive and expensive
- Close to Subway
- No garage
- No roof deck
740 Park Avenue Featured In
Famous Residents at 740 Park Avenue
Pricing Comparison of Similar Buildings
View Detailed Comparison740 Park Avenue - 10 year Sales History
View Full Sales History740 Park Avenue 12 Month Sales Summary
View By Apartment SizesFeatured New Developments
In the Neighborhood: What’s Available & Sales Stats
- 301 Available for Sale
- $1,678 Avg. Price / Ft2
- $5,325,228 Avg. Price
- $3,250,000 Median Price
- Most Expensive 834 Fifth Avenue Apt 78A | $96,000,000
-
Least Expensive
The Beekman
Apt 305 | $349,000
Price / ft2 $582
- 202 Total Sales
- $1,502 Avg. Price / Ft2
- $3,553,119 Avg. Price
- $1,987,500 Median Price
- Most Expensive 960 Fifth Avenue Apt 3AB | $55,000,000
- Least Expensive The Beekman Apt 1105 | $335,000
