Park Avenue Co-Op Sells for Record $52.5 Million Dollars

Wow! Is $52.5 million too much to pay for an 8 bedroom, 10 bathroom co-op? Not at 740 Park Avenue, home to several high profile residents. This New York City home has 2 libraries, 6 terraces and views of Central Park. And, the taxes alone are about $1.5 million.

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The building was built in 1929 by James T. Lee, the grandfather of Jacqueline Kennedy Onassis, and is still considered the best of the best in New York real estate.

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