"Compulsively readable."Liesl Schillinger, The New York Times
"Jaw-dropping apartment porn."Fortune
"[A] great read... gossipy... revealing."People
"As rich as his subjects."Forbes FYI
"The Lolita of shelter porn."New York Observer
"Life after folly-filled life flashes forward like Park Avenue canopies viewed from a speeding town car."New York Times
"The is social history at its finest."Dominick Dunne
"Finally! A look inside the golden tabernacle of high society."Kitty Kelley
For 75 years, it’s been one of the most lusted-after addresses in the world. Even today, it is steeped in money, the kind most of us can only imagine. Until now. The story of 740 Park Avenue sweeps across the twentieth century to today, and Michael Gross tells it in glorious, intimate and unprecedented detail. From the financial shenanigans that preceded the laying of the cornerstone, to the dazzlingly and sometimes decadently rich people who hid and hide behind its walls, this is a sweeping social and economic epic, starring our wealthiest and most powerful old-money families — Vanderbilt, Rockefeller, Bouvier, Chrysler, and Houghton — Greed Decade symbols Ronald Perelman, Henry Kravis, and Saul Steinberg, and the names in today’s scary financial headlines: David Koch, John Thain, Ezra Merkin and Steve Schwarzman.
September 30th, 2013
Plagued by bad press this summer due to a series of petty thefts (petty for them, at least), 740 Park is back in the news today thanks to the listing of its fourth floor D-line apartment by investment banking’s Peter Huang. The apartment was infamous when Huang was still married to his first wife, Nancy Stoddart, whose friends from the Studio 54 set often came to keep partying there after-hours. Priced at $29.5 million, the unit, which overlooks 71st Street, is likely a fixer-upper. So if you’re handy as well as wealthy, pounce! The listing belongs to Kyle Blackmon, famous for selling the $88 million penthouse at 15 Central Park West for Sandy nd Joan Weill. It’s Blackmon’s second coup this week: He’s one of the brokers selling an as of now imaginary $130 million mansion at River House. It’s currently (and apparently not for long) home to the veddy exclusive The River Club.
September 12th, 2013
Another advance reader of House of Outrageous Fortune: Fifteen Central Park West, the World’s Most Powerful Address, author-journalist Dana Thomas, author of Deluxe: How Luxury Lost Its Luster, says, “Want to understand what Occupy Wall Street was about? In House of Outrageous Fortune, Michael Gross explains it–and then some. With a rollicking, informative history of New York City, tales of mega real estate fortunes made and lost, and dizzying examples of the super-wealthy’s greed and ostentation, Gross deftly traces the arc of America both socially and financially and proves that the top two percent most certainly do not live like you or I.”
August 23rd, 2013
John Sutter of CNN.com has crowd-sourced a list of 99 must-read books on income inequality, presumably for the 99%, though some of the 1% might do well to read a few of them. My 740 Park makes the list at #30, between titles by George Bernard Shaw and Jonathan Kozol. Isn’t that rich?
August 20th, 2013
William D. Cohan, author of Money and Power: How Goldman Sachs Came to Rule the World and House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, and a Contributing Editor of Vanity Fair, is the latest early reader to praise the forthcoming House of Outrageous Fortune: Fifteen Central Park West, the World’s Most Powerful Address. “Michael Gross has done it again!” he writes. “In intricate and revelatory detail, he shows how Fifteen Central Park West became the most famous and talked-about building in Manhattan: It’s the people who live there, of course, and Gross gives us a front-row seat on their passions, their antics and why they want the very best money can buy.”
August 16th, 2013
Yesterday’s revelation of a series of jewel heists at 740 Park led to a series of followups today in the New York Post and on CNN, among other outlets. You can watch the CNN video here. The Post reveals that the victims include Danielle Ganek, whose husband’s hedge fund “agreed to pay the feds more than $21.5 million for its role in an insider-trading scheme” and Lauren Merkin, whose husband Ezra “was charged with civil fraud for allegedly steering $2.4 billion in client money to Bernie Madoff.” The Post missed the fact that victim #3 was Caryl Englander, whose husband Israel, paid one of the largest fines in history to the SEC, but, before you start thinking this was revenge on the .01%, consider that victim #4, June Dyson, while certainly also mega-wealthy, is the 94-year-old widow of an underclass-certified good guy. Husband Charles was an original member of Richard Nixon’s enemies list. 740 Park may have lost its claim to be the world’s richest apartment building to 15 Central Park West, but it still packs in plenty of plutocrats.
August 15th, 2013
Today’s Page Six lede and New York Post wood reveal a series of minor jewel heists at the legendary 740 Park cooperative, the 20th Century’s tower of financial power and the subject of this author’s 2005 book. Per the Post, the missing items are a wedding ring here, a watch there. Is the perp terrifically clever, stealing only things that won’t be missed? Or are they like opportunistic shoplifters grabbing penny candy from the counter? Not to cast aspersions, but per this report, it sounds like sticky-fingered support staff are more likely responsible than some savvy criminal mastermind.
July 5th, 2013
House of Outrageous Fortune: Fifteen Central Park West, the World’s Most Powerful Address is now available for pre-orders on Amazon by clicking here. Publication date is March 11, 2014. I’ll post a bn.com link as soon as it, too, becomes available.
June 10th, 2013
Via Bloomberg View, author William D. Cohan adds his voice to the chorus of condemnation aimed at billionaire Tea Party pal and 740 Park resident David Koch (shown greeting the late New Jersey Senator Frank Lautenberg at an obviously bipartisan 2010 party) in an essay titled “David Koch’s Chilling Effect on Public Television.” Cohan is commenting on The New Yorker’s recent revelation about attempts by public television executives to placate Koch over critical coverage–in Alex Gibney‘s documentary Park Avenue, based on 740 Park, and another film–and Cohan links those concerns to government snooping on phone calls and the Internet. “Just like that, in this insidious way — a film censored here, some phone records seized there,” Cohan writes, “the freedoms that we once took for granted and thought were guaranteed by our Constitution are slowly but surely eroded. This can’t be a good thing.” But apparently, it’s the real thing.
May 29th, 2013
My latest book, House of Outrageous Fortune: Fifteen Central Park West, the World’s Most Powerful Address, is coming in March 2014 from Atria Books, Cindy Adams reveals in her New York Post column today (scroll down past Bernie Kerik. Mixing up her Midases a bit (understandable in an era when there are so many making and managing new money), the gossip great names a few 740 Park “inmates” as characters in the new book, but this time, the “scoop and poop” will be about Lloyd Blankfein and Sandy Weill, not Steve Schwarzman and Henry Kravis, and Dan Loeb and Dan Och, not David Koch. Not to mention Dmitry Rybolovlev and former Barclay’s big boy Bob Diamond, whose residence at 15CPW I first dug up and revealed in February. Though I didn’t tell all…at least, not yet.
May 20th, 2013
Alex Gibney‘s documentary Park Avenue: Money, Power and the American Dream, based on my book 740 Park: The Story of the World’s Richest Apartment Building, aired worldwide last fall and is currently available for sale or rental in the iTunes store and on Hulu (as well as free online in the truncated-for-broadcast PBS version via Youtube). This week’s issue of The New Yorker is led by a story about Gibney’s film, detailing the pressure put on WNET, New York’s public television station, for broadcasting it. Though this is hardly the first time a wealthy subject has pushed back against revealing revelations, and 740 Park resident David Koch, the focus of the piece, makes an easy target for his political opponents, it’s still a compelling read. My longtime friend and colleague Greg Mitchell at The Nation was kind enough to mention Gibney’s source in a post on The New Yorker’s piece today.