Streisand at 740 Park: A correction
Tomorrow’s New York Times notes the posting in city records of the recent $19.5 million sale of the late Randolph and June Speight’s apartment at 740 Park to a Goldman Sachs partner, and pulls a bunch of juicy details from the pages of 740 Park, the book, to buttress its item. Those tid-bits are uncredited, […]
At long last, 740’s Speight pad sells
The longtime home of 740 Park’s longtime co-op board head Randolph Speight (a compelling presence in my book 740 Park) and his widow June, on the market since her 2008 death, is reported sold today by Kim Velsey at the New York Observer. She IDs the buyers as Jonathan Sobel, a former Goldman Sachs partner, […]
If it’s September, this must be 834 Fifth
When I started researching the book that became 740 Park, I began with a list of fascinating buildings, and eventually settled on one. But the others retain their fascination and thanks to Avenue, which gave me a column in the spring named after my current book, Unreal Estate, I now get to write about them, […]
Political Petting Zoo (Don’t forget that check)
Who would you rather share an elevator with? A puppy or an armed Secret Service man and Paul Ryan? In this week’s New York Observer, Kim Velsey looks at the tribal rights of fundraising nights in New York’s best buildings, and includes 740 Park (home of big Republican donors like David Koch and Steve Schwarzman) […]
A new NYC co-op sale record?
David Geffen‘s reported purchase of tax-avoider Denise Rich‘s Fifth Avenue apartment for $54 Million sets a new record, says Matt Chaban of the New York Observer. It’s been more than a decade since 740 Park held that record. Sell, Steve Schwarzman, sell!
Bank Seeks Swig Swag
Three weeks ago, Bank of America quietly sued Kent Swig, his estranged wife Elizabeth Macklowe Swig, and The 740 Corporation, the cooperative that owns 740 Park, seeking to foreclose for non-payment on the Swigs’ duplex apartment there, and seize their proprietary lease and the associated shares in the fabled co-op, presumably planning to put it […]
Low floor, nice price
The late June and Randolph Speight’s apartment at 740 Park, aka 71 East 71st Street, is in contract reports Kim Velsey of the New York Observer, who got the news from the Olshan Luxury Report of weekly apartment sales. Velsey has some fun considering possible reasons for a $12 million price chop (tp $23 million) […]
Who Madoff with an apartment?
In next week’s Newsweek, Rebecca Dana revisits some 740 Park stories while discussing Andrew Madoff‘s failure to find a rental apartment.
What’s a half-a-million at 740 Park? About one-third the taxman’s bill.
So, it turns out that the sale of Courtney Sale Ross‘ double duplex apartment at 740 Park–first reported here–was indeed closed for “about $52 million,” as reported elsewhere–$52.5 million to be precise–and not the asking price of $60 million, as Gripepad initially heard. The buyers, reports Kim Velsey of the New York Observer, are Howard […]
When Scoops Collide
My scoop late last week on the sale of Courtney Sale Ross‘s double duplex at 740 Park Avenue has since been picked up and linked by The New York Observer, curbed, and Business Insider, all of whom were kind enough to credit Gripepad. It was also picked up five days late and a credit short […]