Howard Marks spends a lot of money at 740 Park Avenue (2023)

VERKOPER: Courtney Sale Ross
BUYER: Howard at Nancy Marks
LOCATION: New York City, NY
PRICE: DKK 52,500,000
SIZE: Huge with many bedrooms and bathrooms

NOTES FROM YOUR MOTHER: No babies, your eyes have not fooled your brain, and your mother's weary knuckles have not misunderstood the purchase price.According toinreal estate gossipin New York City - and real estate data available atto callIn fact, Los Angeles-based Oaktree Capital king Howard Marks and his wife Nancy shelled out a staggering, record-breaking $52,500,000 for a legendary duplex in the ridiculously expensive building at 740 Park Avenue in New York City.

The two-story, two-unit combination, sold by Time Warner widow Courtney Sale Ross, who some time ago moved her digs in the city to a much smaller but not exactly cheap downtown apartment, is reportedly going to sell to several outside the city. market are available. years with asking prices as high as $75,000,000 and last winter the approximately 10,000 square foot duplex was finally released to the open market with a still burning price of $60,000,000. The two units were also offered for sale separately for 25 and 35 million cockles each.

The easiest and best way to understand the size of Los Angeles-based Mister and Missus Marks' new Manhattan pied-a-terre is through numbers. According to the advertising information and the number of his mother based on the floor plan attached to the marketing materials, the colossal co-op includes 30 (give or take) rooms with more than two dozen closets and dressers, 6 bedrooms, including a spacious master suite with private sitting room, 2 to 3 staff bedrooms, 9 full and 3 half baths, 6 to 7 wood stoves, 6 separate garden terraces (none of them very large), 2 loggias grand entrances (each with suspended floating staircases), 2 living rooms (one of 10 meters long and almost 6 meters wide and reportedly set up as a media room), formaljcasual dining rooms, 2 well-appointed chef's kitchens (connected by an almost hidden hallway), 2 libraries, 2 offices and a games room/gym.

Listing information from late 2011 shows regular fees and maintenance for the bloated duplex totaling $34,326 a month, and the amount his mother's jeweled abacus estimates at a lurid $411,912 a year, just for the janitor to be sane if you passes through the lavish and luxurious building. quiet hall.

Your mom mentioned Sale Ross and Mark's the end of last year, if any of you achieved a goal, what do we think of it.

As epic as Mister and Missus Marks' new listing at 740 Park may be, it still dwarfs the building's even grander penthouse triplex, owned by Stephen Schwarzman of the Blackstone Group, which is reportedly worth $35. -40 million paid for the giant 34-room triplex in 2000 Look kids, there's always someone with more and more, even for free-spending billionaires.

Mr. and Mrs. Marks, as noted above, live primarily in Los Angeles, CA, where property documents (and other online documentation) reveal that they are the real image of what their mother would call hard-core real estate players. They play, our unscientific and incomplete research shows, on the same battlefield in real estate that was recently (and so bitterly) divorced.Frank and Jamie McCourt balls.

Records show that as of July 1996, Mr. and Mrs. Marks paid commercial real estate magnate Robert Maguire III $7,963,570 for a 2-acre estate on one of the most desirable and expensive streets in all of Los Angeles. THE. The county tax collector and other online resources indicate that the multi-building property in Brentwood has a 8,617 square foot, multi-story, 6-bedroom, 8-bathroom quasi-colonial mansion surrounded by expansive lawns, labyrinthine gardens, a large circular highway parking lot, a swimming pool complex with a pool house and at least one other detached building with an unknown destination.

Property details are a bit tricky, but as far as we know, Mr. and Mrs. Marks purchased all three of their 10-acre beachfront properties in Malibu, CA in the early 2000s. Most of the property was previously owned by the casino's widow, Verna Harrah, who sold it for $27,000,000 in 1999 to Herbalife founder Mark Hughes, who was found dead.At homejust months after purchasing the extravagant cliffside estate. We have not yet published a purchase pricea section in itForbesfrom the time of purchaseindicates that the rumor on the real estate street at the time was that the big deal closed for about $31,000,000.

Since then, Mr and Mrs Marks have rebuilt the mansion from the ground up, replacing every square inch of the fully landscaped property. Aerial photos show a multi-legged mansion encircling a few highways and several terraces leading to expansive gardens, a cliff-top swimming pool, and a tennis court complex with an observation pavilion. There are at least four other buildings that we suspect (but don't actually know) to be boarding houses and/or staff quarters. The Los Angeles County Tax Collector puts the existing main house at 19,340 square feet with 8 bedrooms and 13 hapless bummers.

The Marks' closest neighbors in Malibu include mustachioed actor Sam Elliot (On the air, Butch Cassidy and the Sundance Kid), hedge fund boss Jon Brooks and TV blockbuster Marcia Carsey (Cosby's show, Roseanne, 3rd Rock from the Sun, Los 70's show), all of whom live close enough that one of Mister and Missus' associates could easily drive a golf cart to borrow a cup of sugar or a bottle of Perrier Jouet.

In June 2010, First Lady Michelle Obama and the first (infamous) celebrity kidsI spent an afternoon at Mark's estate in Malibu., a seemingly innocuous seaside summer event that sparked much comment and controversy from people who thought it inappropriate for the First Lady and her children to take a lavish, carefree vacation while the US economy remained trapped in a huge pile of stinking shit

Anyway, politics, shmolotics...

According to online documents, in the early 1980s, Your Mama, Mister, and Missus Marks purchased a private 7.7-acre estate in the semi-rustic but very affluent enclave of Montecito, CA (above). Records show they paid just under $700,000 for the property, which, according to the Santa Barbara County tax collector, now includes an 8,306-square-foot mansion with additional outbuildings, including (but not limited to) a ranch, a swimming pool, a tennis pavilion and a separate guest house/staff quarters. In 2007, when they bought their Malibu property, they had their Montecito property on the market for $29,000,000. The property was eventually sold in August 2002 to, we were told by two separate sources, Mr. Marks' partner in the offering, Bruce Karsh, and his wife Martha.

Mr. and Mrs. Marks too, someone who probably knows this sort of thing, have a residence in London, as well as a 4,639-square-foot condominium in New York City's Central Park South, which they show on the property records as having purchased in May 2007 for $18,875,000. Listing information from the time of purchase indicates that the entire floor area was completely unfinished, meaning unfinished, and packed into 29 windows with 10 facing Central Park. That means they probably spent several million more to build the room to their specifications. Marks' nest in Central Park South is right above the giant gaming mogul Steve Wynn duplex he just bought for $70,000,000.

Your mom needs a nerve pill just considering the financial resources it takes to pay for, staff and maintain two, several acres of maintenance real estate in Southern California, a posh apartment in London, and a sprawling Manhattan borough, one of which we contract. we will sell them when it is time to move to 740. Add to that the expense associated with owning Mister and Missus Marks' new $52,500,000 real estate ball at 740 Park Avenue, and we're left in awe. If we were the gambling type, which we aren't, we'd bet our tall bitches Linda and Beverly that it costs the Marks more each month to pay their various utility bills than most people make in an entire year.

Photo of park 740 (exterior):owned shark
740 park list images (inside):brown harris stevens
Luchtfoto's (Los Angeles at Montecito):Bing


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Notable Residents of 740 Park Ave

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Hong KongHong Kong (SAR China)32
64 more rows
Apr 18, 2023

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Why establish the West 57th Street area as Billionaires Row? From the 57th Street corridor, as one goes higher in these buildings, the views open up to the most spectacular sweeping views of Central Park's landscape. In addition, the Billionaires Row NYC views are breathtaking.

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These Are The 10 Most Expensive Neighborhoods You Can Find In New York City
  • 8 Central Park West.
  • 7 Upper East Side.
  • 6 Upper West Side.
  • 5 DUMBO.
  • 4 Chelsea.
  • 3 Greenwich Village.
  • 2 Gramercy Park.
  • 1 Battery Park City.
Feb 18, 2023

What is the oldest apartment in New York? ›

The Osborne
Renovated1891, 1906, 1962
Technical details
Structural systemMasonry bearing wall; steel-framed annex
30 more rows


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