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 apartment.at 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
FAQs
What is significant about 740 Park Avenue? ›
In its early days, 740 Park Avenue was nicknamed the Standard Oil building for its large share of residents connected to the oil giant, including John D. Rockefeller Jr., who owned a 20,000-square-foot, 37-room apartment, as well as Mildred Bedford Vanderbilt and a slew of other oil-rich owners.
How many billionaires live in 740 Park Avenue? ›Notable Residents of 740 Park Ave
Interestingly, the building has the highest concentration of billionaires in the country and possibly worldwide. Back in 2004, it was reported that 6 out of the Forbes 25 richest New Yorkers – all billionaires – either currently live or had lived at 740 Park Ave.
An Upper East Side address that counts Rockefeller and Kennedy Onassis among the names of former residents might soon add Koch to the list. Julia Koch, widow of the late billionaire David Koch, is shopping the couple's apartment at 740 Park Avenue for approximately $60 million, the Wall Street Journal reported.
What is the richest avenue in New York City? ›“Fifth Avenue is not just one of New York's most famous luxury boutique destinations. It's also a major bus corridor, which is to say the whole avenue isn't just for tourists,” said Danny Pearlstein, policy and communications director for the Riders Alliance.
Where do billionaires live in NYC? ›Billionaires' Row is the name given to a group of ultra-luxury residential skyscrapers and the area surrounding them around the southern end of Central Park in Manhattan, New York City.
What is the most prestigious address in NYC? ›740 Park Avenue - Wikipedia.
Who owns the most property in Manhattan? ›Columbia University is the largest owner in New York City by the number of locations and manages over 5000 apartments across 150 residential buildings.
Which city is full of billionaires? ›| City/Area | Country | Billionaires (USD 1bn+) |
|---|---|---|
| Los Angeles | USA | 42 |
| Hong Kong | Hong Kong (SAR China) | 32 |
| Beijing | China | 43 |
| Shanghai | China | 40 |
The “limestone fortress” was once home to John D. Rockefeller Jr. and a young Jacqueline Bouvier. Current residents include Ronald Lauder, the Blackstone Group's Stephen Schwartzman, Merrill Lynch CEO John Thain and hedge fund manager J.
What is the most expensive apartment on Park Avenue New York? ›An apartment at 432 Park Avenue in Manhattan was sold for $70.5 million last month, making it the most expensive residence sold in New York City since April 2021. 432 Park Avenue was designed by architect Rafael Vinoly and construction was officially completed in 2015.
Which is the richest park of New York? ›
Central Park South is home to billionaires row, so there's no surprise it ranks amongst New York City's wealthiest areas.
Who owns 2 Park Avenue New York? ›The Bronx has the highest rate of poverty in New York City, and the greater South Bronx is the poorest area.
What street is billionaires row in New York? ›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.
What is the most expensive part of NYC to live in? ›In the most expensive area, Manhattan's Hudson Yards, the median sale price rose about 6 percent year-over-year, to $5.729 million; but in TriBeCa, the next most expensive, it fell 6 percent, to $3.5 million.
What part of New York do most celebrities live in? ›Share: NYC is a wonderful place to live, so it's no wonder that the city is home to numerous celebrities. From the modern, glamorous, and expensive neighborhoods downtown to the magnificent Upper East Side and Upper West Side homes overlooking Central Park, the rich and famous love the city.
Where do rich people go in Manhattan? ›Billionaire's Row NYC: Where Is It and How Did It Get That Name? Manhattan is no stranger to wealth. But “Billionaire's Row,” an enclave around 57th Street, has become a symbol of the city's increasingly stupendous riches.
Where does old money live in NYC? ›The Upper East Side of Manhattan has long been known for old money in New York City (Rockefellers, Roosevelts, Kennedys, etc.). The real estate has been some of the priciest in the city. The Upper East Side includes Park Ave., Madison Ave., and Fifth Ave.
What is the most filmed street in New York? ›Park Avenue is overall the most used location in New York City, with 61 IMDb credits.
What is the most desired neighborhood in NYC? ›FAQs About NYC Neighborhoods
The nicest neighborhoods in New York are Park Slope, the East Village, and Astoria. These areas have an excellent array of restaurants, nightlife, parks, and local events. However, they're not so busy that it's impossible to live.
Where is the most filmed location in NYC? ›
If visions of NYC's gorgeous Central Park immediately are flashing through your brain, you're definitely on to something–Central Park takes the title of America's most uniquely popular filming location for musical movies and TV shows.
Who owns the most expensive apartment in NYC? ›The listing, which is currently the most expensive in New York City, is held by Million Dollar Listing New York star Ryan Serhant.
What is the largest mansion in Manhattan? ›The Schinasi House is a 12,000-square-foot (1,100 m2), 35-room marble mansion located at 351 Riverside Drive on the Upper West Side of Manhattan in New York City. It was built in 1907 for Sephardic Jewish tobacco baron Morris Schinasi.
Who is the largest private landowner in NYC? ›Exceeding previous estimates, Columbia is the largest private landowner in New York City, city data reveals Exceeding previous estimates, Columbia is the largest private landowner in New York City,...
Where do rich people keep their money? ›Millionaires have many different investment philosophies. These can include investing in real estate, stock, commodities and hedge funds, among other types of financial investments. Generally, many seek to mitigate risk and therefore prefer diversified investment portfolios.
Which country is the richest in the world? ›Here is the full ranking of the richest countries in 2023, according to their per capita GDP. Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000.
What is the highest income city in the world? ›New York City
The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. It is the financial center of the USA and the wealthiest city in the world by several measures. It is also home to the world's two largest stock exchanges by market cap (the NYSE and the Nasdaq).
Michael Gross' 2005 book “740 Park: The Story of the World's Richest Apartment Building” describes the co-op as a "Tower of Power" and “one of the most lusted-after addresses in the world.” The limestone-clad, pre-war edifice, designed by esteemed architects Rosario Candela and Arthur Loomis Harmon, has attracted ...
Who lives at the top of 56 Leonard Street? ›Insurance executive Dr. Reza Abbaszadeh reportedly owns two units at 56 Leonard, namely a $6.2 million, three-bedroom condo on the 35th floor, and a $17.3 million penthouse on one of the top floors. Architect Lee F. Mindel of the New York firm Shelton Mindel also lives on the building's sixth floor.
What is the most famous apartment building in New York City? ›The venerable Dakota is one of the first luxury apartment buildings in New York and certainly the most famous.
What is the most expensive suburb in Manhattan? ›
NYC's Most Expensive Neighborhood Is Hudson Yards in New Ranking – Robb Report.
What is the largest property in NYC? ›Fair Field mansion is not only the biggest house in the Empire State, but it's also the largest residence in the entire country. Let's take a look.
What is the worlds most expensive house in New York? ›A recently listed Manhattan penthouse is being billed as the tallest and most expensive home in the world — and the amenities packed throughout this three-story unit make the $250,000,000 price tag seem almost reasonable.
Where do billionaires park their cars in NYC? ›The Sky Garage Penthouse located in downtown Manhattan includes a parking-spot high above the city.
Where do the elite live? ›An overwhelming majority (approximately 96 percent) of the top 1 percent are concentrated in major metropolitan areas such as San Francisco, Washington, DC, New York, and Los Angeles. However, a few outliers exist in suburban and even rural areas.
Who is the owner of Little Island? ›But the 2.4-acre park—conceived and mostly paid for by billionaire Barry Diller through his Diller - von Furstenberg Family Foundation—is actually an undulating platform of grass, trees, and winding pathways mounted on concrete piles where Pier 54 used to be.
Why is it called Park Avenue? ›Originally called Fourth Avenue, Park Avenue had an inauspicious beginning: it was originally the route of the New York and Harlem Railroad. The tracks between 34th and 40th Streets were eventually covered, in the 1850s, with grating and grass. The section along this stretch was named Park Avenue.
Why is 4th Avenue called Park Avenue? ›The railroad originally ran through an open cut through Murray Hill, which was covered with grates and grass between 34th and 40th Street in the early 1850s. A section of this "park" was later renamed Park Avenue in 1860.
What is the new name for Park Avenue? ›Headquarters Dallas (formerly Park Avenue) is an Exquisite and swanky environment with upscale VIP sections.
What is the dirtiest borough in New York City? ›NYC Sanitation: Bronx Has Dirtiest Streets, Manhattan Cleanest Sidewalks – NBC New York.
Where do poor people live in NYC? ›
Areas of high poverty show patterns of concentration.
The Poverty Rate map below shows that high-poverty Census tracts (shaded dark on the map) are clustered in the South Bronx, northern Manhattan, northwest Brooklyn, Coney Island, Williamsburg, and Borough Park.
“Queens has some of the cheapest home rental prices, some of the nicest people, and the most diverse culture, all of which point to a great place to raise kids. Access to the museums and theatre in Manhattan isn't too far, and you're surrounded with some of the best food in the city.”
Who lives in 423 Park Avenue? ›Current known occupants include financier Lewis Sanders and Saudi billionaire Fawaz Alhokair.
Why is NYC billionaires row to empty? ›Foreign businesses and their founders often buy luxury real estate in New York using shell companies as a way of keeping their money out of government hands. This means an apartment may be made unavailable but remain empty for a majority of the year.
What does SoHo stand for? ›SoHo (an acronym for South of Houston Street) still features galleries, though these days the work within them tends toward the more high-end commercial—matching the luxury boutiques and independent-designer outposts that characterize the area.
Can you live on $100,000 a year in NYC? ›Making $100,000 a year in New York City is poor. One New Yorker told FOX 5, "Honestly, unless you're making about $150,000, I'd say you can't live comfortably." Another noted how "80% of my salary goes to rent alone."
Why is Manhattan so expensive? ›There are many reasons why everything is expensive in New York City. Some of the key factors include the high demand for housing, high taxes, high transportation costs, and the city's status as a global economic and cultural hub.
What is Park Avenue famous for? ›Park Avenue runs north-south in Manhattan and the Bronx. Per square foot, Park Avenue is some of the world's most expensive real estate. This wide boulevard is a feature of NYC; it runs parallel to Madison Avenue. Park Avenue was known as 4th Avenue in days gone by.
What is Park Avenue New York famous for? ›Stretching from 42nd to 51st Streets between Madison and Lexington Avenues, it came to include the Chrysler Building and other prestigious office buildings; luxury apartment houses along Park Avenue; and an array of high-end hotels that included the Marguery, Park Lane, and Waldorf Astoria.
Who has lived in 740 Park Avenue? ›The “limestone fortress” was once home to John D. Rockefeller Jr. and a young Jacqueline Bouvier. Current residents include Ronald Lauder, the Blackstone Group's Stephen Schwartzman, Merrill Lynch CEO John Thain and hedge fund manager J.
What is the most exclusive apartment building in New York City? ›
What is the Most Exclusive Building in New York? In the Manhattan neighborhood of Lenox Hill, New York City, 740 Park Avenue is an opulent cooperative apartment building. It is located on the west side of Park Avenue between East 71st and 72nd Streets.
Is Park Avenue the most expensive? ›An apartment at 432 Park Avenue in Manhattan was sold for $70.5 million last month, making it the most expensive residence sold in New York City since April 2021. 432 Park Avenue was designed by architect Rafael Vinoly and construction was officially completed in 2015.
What is the best shopping street in New York? ›New York's Fifth Avenue is the city's most famous shopping street, and probably the most famous shopping street in the world. Here, you can find flagship stores for nearly every high-end designer—Louis Vuitton, Tiffany & Co., Gucci, Prada, Valentino, Armani, Fendi, and more.
What is the most famous New York avenue? ›1. Broadway, the most famous street in New York. Broadway is one of the oldest and most famous streets in NYC, serving as a main thoroughfare through multiple boroughs.
What is the most visited Park in NYC? ›Central Park is the most popular park in New York for sure, but there may be another you find is the most beautiful park—it's all in the eye of the beholder. These parks are a must for locals and visitors alike.
What is 8th Avenue known for? ›Some, including The Century, The San Remo, The Majestic, and The El Dorado, are twin towers. Other landmarks and institutions along its length include the New-York Historical Society and the American Museum of Natural History.
What street is billionaires row? ›The stretch of buildings on 57th Street between Park Avenue and Broadway, also known as “Billionaire's Belt” or “Billionaire's Row,” has been attracting billionaires and celebrities from all over the world since the early 2000s.
What street is Billionaires Row New York? ›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.
What is the most expensive rent area in New York? ›- 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.
| The Osborne | |
|---|---|
| Completed | 1885 |
| Renovated | 1891, 1906, 1962 |
| Technical details | |
| Structural system | Masonry bearing wall; steel-framed annex |