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740 Park Avenue

Between East 71st Street & East 72nd Street

Key Details

  • Year Built 1930
    Building Type Cooperative
  • Total Apartments 31
    Total Floors 19
    Doorman FT Doorman
N/A
Avg. Price / ft2
$2,733
Avg. Price / ft2

Rating

30
Out of 44

Architecture Rating: 30 / 44

+
28
Out of 36

Location Rating: 28 / 36

+
25
Out of 39

Features Rating: 25 / 39

+
10
=
93

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #17 Rated co-op in Manhattan
  • #9 Rated co-op - Upper East Side
  • #5 Rated co-op - Park/Fifth Ave. to 79th St.
 

Description

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.

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Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Hi Rise
  • Pre War
  • Basement Storage
  • Health Club
  • Intercom
  • Elevator
  • Laundry Room
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Apartments for Sale at 740 Park Avenue (2)

2
Available Apts
$29.5M - $34.5M
Price Range
N/A
Avg. Price / ft2
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Carter Horsley's Review

Carter Horsley's Building Review
"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." Read Carter's Full Review
Pros
  • Grand apartments
  • Sidewalk landscaping
  • Storage
  • Health club
  • Doorman
  • Concierge
  • High ceilings
  • Fireplaces
  • Doorman
  • Prime location
  • Extremely exclusive and expensive
  • Close to Subway
Cons
  • No garage
  • No roof deck
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More Neighborhood Info

Subways

  1. 6
at Lexington Ave 0.19 miles
  1. F
at Lexington Ave and 63rd 0.43 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$20,500,000
Avg. Price
Based on 1 Sales
 

Closing History - Last 10 sales

View All Closed Transactions
10
Units Sold
$18M - $71.3M
Price Range
$2,733
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 443 Available for Sale
  • $2,191 Avg. Price / Ft2
  • $6,896,894 Avg. Price
  • $3,200,000 Median Price
  1. Most Expensive 12 East 69th Street Apt TH | $88,000,000
  2. Least Expensive Plaza Tower Apt 12D | $449,000
    Price / ft2 $898
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 206 Total Sales
  • $2,692 Avg. Price / Ft2
  • $6,823,414 Avg. Price
  • $2,407,500 Median Price
  1. Most Expensive 520 Park Avenue Apt DPH60 | $73,800,000
    Price / ft2 $8,076
  2. Least Expensive The Montclair Apt SR-4 | $300,000

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