Living

Steven Mnuchin finds a buyer for his grand 740 Park duplex

Steven Mnuchin finds a buyer for his grand 740 Park duplex

Former US Treasury Secretary Steven Mnuchin‘s apartment at the tony 740 Park Ave. has finally found a buyer, thanks to a hefty COVID discount.

The swanky home first hit the market for $32.5 million in 2018 but was down to $25.75 million last August.

Though its best perk may be its location inside “the world’s richest building,” according to author Michael Gross, the 12-room duplex notably features five bedrooms and its own elevator landing.

It also features 11 foot ceilings, multiple woodburning fireplaces, a large white chef’s kitchen and a curved staircase with the original banister.

It’s on the building’s eighth and ninth floors.

Mnuchin bought the home some 20 years ago from his aunt, Carol Terner Lederman for $10.5 million. Terner Lederman, who declined comment, is also one of the listing brokers along with her daughter Judy Kloner, both of Warburg Realty.

A curved staircase with an original banister connects the two levels.
A curved staircase with an original banister connects the two levels.
Warburg Realty
The home has multiple fireplaces and spacious areas for entertaining.
The home has multiple fireplaces and spacious areas for entertaining.
Warburg Realty
The new buyer will get five bedrooms.
The new buyer will get five bedrooms.
Warburg Realty

The building was designed by Rosario Candela and developed by Jackie Kennedy Onassis’s grandfather, James T. Lee.

It is one of the city’s most exclusive addresses. Past and present residents include Vera Wang, Blackstone Group’s Stephen Schwarzman and Leon Black, a co-founder and former CEO of Apollo Global Management, who came under fire for his financial relationship with pedophile Jeffrey Epstein.

About the author

Vicky Sequeira

With more than 6 years of experience working as a media professional, Vicky flaunts prowess in bringing the juicy tit-bits from the entertainment industry for the readers of News Brig.

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *