Steven Mnuchin Sells a Duplex on Park Avenue for $22.5 Million

Steven Mnuchin Sells a Duplex on Park Avenue for $22.5 Million

Other resales that closed last May were also sold for more than their original purchase price. This included the city's largest transaction to date this year: the purchase of two full storeys in June by an anonymous buyer for a total of $ 157.5 million.

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The other recent building closure, an apartment at 41. The buyer conducted the transaction through Delaware-based limited liability company Blair Holdings.

The limestone-clad tower near Columbus Circle was designed by Robert A.M. Stern Architects.

Another limestone creation by the company, 30 Park Place in TriBeCa – a 6,127 square foot triplex with five bedrooms, five bathrooms, two powder rooms, and two 34 x 12 foot loggia terraces – sold for $ 32 million. That was $ 2 million more than four years ago.

Mr. Mnuchin's duplex, which sold for $ 22.5 million, is on the eighth and ninth floors of 740 Park Avenue, an exclusive limestone apartment building designed by Rosario Candela on the corner of East 71st Street in the late 1920s. It's approximately 6,500 square feet and has five bedrooms, six and a half bathrooms, a wood-paneled library with wet bar, formal dining room, and staff quarters.

The master bedroom suite on the upper level has a fireplace, two marble bathrooms, three walk-in closets, a dressing room and an office.

The house has been owned by Mr. Mnuchin's family since the 1960s. He bought it in 2000 from an aunt, Carol Terner Lederman, who bought it from her father Emanuel Terner, who made his fortune with beer and soda bottles. Ms. Lederman, along with her colleague at Warburg Realty, Judy Kloner, also brokered the apartment.

Mr Mnuchin owns other homes with his wife, actress Louise Linton, including a Washington mansion where they lived while he served as Treasury Secretary under President Trump. He first launched the Upper East Side duplex in 2009, fetching $ 37.5 million. The final price was lowered to $ 25.75 million.


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