Park Avenue Co-op Asking Tops Manhattan’s Luxury Market

A Park Avenue co-op with a list of buyers that includes a high-profile television anchor and British aristocrats led a slow week for Manhattan’s luxury market.

The apartment at 730 Park Avenue, asking just under $30 million, was the priciest of just 14 homes in Manhattan asking at least $4 million to find buyers between Jan. 20 and Jan. 26, according to Olshan Realty’s weekly report. The total was down from 23 in versus the previous week.

The duplex on the 19th and 20th floors of the building last traded for $39 million in October 2012. It hit the market a decade later with a $35 million asking price, which was dropped to $29.95 million in May 2023. The unit has four bedrooms and four bathrooms and features a wraparound landscaped terrace.

Brown Harris Stevens’ John Burger had the listing.

The co-op, built in 1929, has attracted a number of notable buyers, including British aristocrats Lady Eva-Marie Houstoun-Boswall and Sir Alford Houstoun-Boswal the late CBS news anchor and “60 Minutes” correspondent Mike Wallace, whose apartment sold for $13 million after his death in 2012.

Last year, Michael Lorber, Douglas Elliman agent and son of the firm’s former CEO and chairman Howard Lorber, and his husband paid $7.4 million for developer Edward Minskoff’s four-bedroom apartment in the building for a $10 million discount.

The 40-unit building includes amenities such as doormen, a fitness center and storage, and the co-op board allows up to 50 percent mortgage financing for purchases.

The second most expensive home to land an inked deal was a condo at JDS Development and Property Markets Group’s 111 West 57th Street, with an asking price just under $23 million. The duplex spans 4,500 square feet and has three bedrooms and three bathrooms.

Unit 43 asked close to $28 million when it was first marketed from floor plans in 2016. The unit also features a 50-foot great room, 14-foot ceilings and views of Central Park.

Nikki Field’s team at Sotheby’s International took over sales at the building in July, replacing Corcoran’s Joe Alvarez, Kane Manera and Janet Wang. Sotheby’s, led by Field, Patricia Parker, Benjamin Pofcher and Jeanne Bucknam, is the third brokerage tapped by the developer since sales launched in 2018.

Amenities at the Billionaires’ Row supertall include a fitness center, lap pool, terrace and private dining room.

Of the 14 properties, eight were condos, three were co-ops, one was a condop and two were townhouses.

The homes’ combined asking price was $150 million, which works out to an average price of $10.7 million and a median of $6.9 million. The typical home spent nearly 700 days on the market and was discounted 8 percent from the original listing price.