As Manhattan’s luxury real estate market corrects and slowly begins to recover from its COVID swoon, there are, as in the stock market’s constituency, bulls, bears and pigs running free. Which brings us to the latest reveal of a listing at 740 Park Avenue, by the juicy real estate gossip site, Dirt. Tamara and Randy Winn, she’s the daughter of billionaire Ira Rennert, have listed their 740 duplex at $40 million, which would give them an $8 million profit over the “ridiculous” price they paid for it thirteen years ago.
Writes Dirt’s dishmeister Mark David, “There are at least three other units at 740 Park Avenue that are currently for sale, and with much lower prices: An opulent if outdated lower floor duplex, the longtime home of late financier Charles Dyson and his late wife June Dyson, popped up for sale last month at $19.5 million; former U.S. Treasury Secretary Steven Mnuchin’s decidedly traditional duplex — in the same line and the same size as the Winns’ pad but a handful of floors higher — is now listed at a comparatively bargain basement price of $25.75 million after it was first listed almost 3.5 years ago at $32.5 million; and former Merrill Lynch CEO John Thain’s smaller but no less deluxe duplex penthouse, with four terraces but just one proper bedroom, plus two staff rooms and a study convertible to a bedroom, is now priced at $32.5 million after it was initially put up for sale nearly three years ago at $39.5 million.”