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.

Photo courtesy of Realtor.com

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.

Read more: http://www.nydailynews.com/life-style/real-estate/park-ave-co-op-record-breaking-52-5-million-article-1.1078220#ixzz1v31e30ZM

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