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- LoopNet Team
740 Park Ave
New York, NY 10021
740 Park Avenue, 1C · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Iconic Address: Historic building at the intersection of East 71st Street and Park Avenue that has been home to Jacqueline Onassis Kennedy
- Immediate Upside: The 2,100 SF cooperative unit will be delivered vacant & is an ideal candidate for a medical office in a luxury cooperative building
- Nearby Mass Transit and Hospitals: Short walk to either the 5th Avenue [N, R, W] or 68th Street Subway [6]
- John D. Rockefeller Jr., and Steven Schwarzman, and David H. Koch.
- Excellent Visibility: Also known as 73 East 71st Street, Unit #1C features two discreet street entrances and seven southfacing windows
- and Lenox Hill Hospital, Memorial Sloan Kettering Cancer Center, Hospital for Special Surgery, and New York Presbyterian.
EXECUTIVE SUMMARY
Meridian Investment Sales is pleased to offer for sale the 2,100 square foot, vacant medical cooperative unit located at the esteemed 740 Park Avenue, #1C – one of Manhattan’s premier ultra-luxury doorman buildings on the Upper East Side. The art-deco, limestone masterpiece was constructed from 1929-1930, designed by renowned architect Rosario Candela and Arthur Loomis Harmon and developed by James T. Lee, the grandfather of Jacqueline Onassis Kennedy – who lived in the building for six years. One of the most exclusive and decorated buildings in New York City, 740 Park Avenue has been home to an array of iconic New Yorkers, including John D. Rockefeller Jr., Stephen Schwarzman, David H. Koch, Charles Stevenson, John Thain, and David Ganek.
PROPERTY FACTS
| No. Units | 32 | Lot Size | 0.52 AC |
| Property Type | Multifamily | Building Size | 273,583 SF |
| Property Subtype | Apartment | No. Stories | 19 |
| Apartment Style | Hi-Rise | Year Built/Renovated | 1930/2012 |
| Building Class | C | APN / Parcel ID | 1386-0033 |
| Zoning | R8B / R10 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 273,583 SF |
| No. Stories | 19 |
| Year Built/Renovated | 1930/2012 |
| APN / Parcel ID | 1386-0033 |
| Zoning | R8B / R10 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Concierge
- Fitness Center
- Laundry Facilities
- Doorman
- Vintage Building
- Storage Space
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | - |
