Edward Minskoff admires one of his developments so much that he plans to move there, putting his Lenox Hill co-op in the rearview mirror.
The Edward J. Minskoff Equities chairman listed his unit at 730 Park Avenue for $17.7 million, the Wall Street Journal reported. Minskoff said he purchased the unit in the 1980s for $210,000.
Listing pictures for the unit in the pre-war building show a large array of art from the avid collector, including pieces from Pablo Picasso and Andy Warhol. The impressive collection is not included in the sale.
Instead, the buyer will get a four-bedroom, four and a half bathroom apartment, accessible via a private elevator vestibule. The unit has a larger corner living room with a wood-burning fireplace, a 20-seat formal dining room and a wood-paneled library. There are also views of Central Park.
Building amenities include a fitness room, private storage bins and a live-in resident manager.
Madeline Hult Elghanayan of Douglas Elliman is co-listing the apartment with Burt Savitsky of Brown Harris Stevens. Elghanayan told the Journal that the building’s board requires buyers to pay in all cash.
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Minskoff’s exit from the building will likely be a smoother departure than a couple that landed the Park Avenue property in the news shortly after the onset of the pandemic.
Lady Eva-Marie Houstoun-Boswall and Sir Alford Houstoun-Boswal, whose family has been part of the British aristocracy for generations, filed a lawsuit in May 2020 that claimed the pandemic made it impossible to move in and demanding their $535,000 deposit back.
Minskoff said he’s selling his long-time pad because he and his wife are going to move to a duplex penthouse his firm developed in the West Village, presumably 17 Jane Street. The development’s first buyer was revealed in 2020 as actress Jennifer Lawrence, who closed on a duplex for $21.9 million.
Edward J. Minskoff Equities was founded in 1987. Its major developments include 51 Astor Place and 101 Avenue of the Americas.
[WSJ] — Holden Walter-Warner