Steven Mnuchin Sells Co-op At 740 Park Avenue For $25.75M

740 Park Avenue, located in Lenox Hill, was recently sold in a co-op transaction. The property, built in 1929, has a rich history and remains one of New York City's most exclusive addresses. It has been home to notable residents such as Stephen Schwarzman, Israel Englander, John D. Rockefeller, Jacqueline Kennedy Onassis, Howard Marks, David Koch, and Woody Johnson. The building's board is known for its strict approval process, having famously denied residency to billionaire Leonard Blavatnik, Barbara Streisand, and Neil Sedaka.

Summary of transaction details:

• Property Type: Co-op
• Transaction Amount: $25,750,000
• Square Footage: 6,500
• Price Per Square Foot: $3,961
• Seller: Steven Mnuchin
• Brokers: Carol Lederman & Judy Kloner of Arburg Realty

Steven Mnuchin, an American Investment Banker, served as the 77th United States Secretary of the Treasury from 2017 to 2021. Prior to his political career, Mnuchin worked at Goldman Sachs for 17 years, following in the footsteps of his father. After leaving Goldman Sachs, Mnuchin held various positions and accumulated significant wealth. This transaction at 740 Park Avenue adds to his successful career in finance.