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Buy an Entire Co-op Building on the UES for $65 Million

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If you've ever wanted to model your existence on that of a comically villainous robber baron, you're in luck, because an entire co-op building on Park Avenue has just hit the market for $65 million.

The Wall Street Journal reports that the owners of the historic Dekoven Mansion—a 10-unit co-op building located at 1025 Park Avenue—have decided to sell all of the units as a package deal, after a proposed deal between Aby Rosen and majority owner Mary Joan Wilder (ex-wife of Gene Wilder) fell through last year.


Mary Joan Wilder owns eight out of the 10 units, while the other two are owned by financiers Chris Caputo and Gary Parr. According to Caputo, the three entered into a partnership after concluding that "if we all came to an agreement to sell together, it would probably lead to a better outcome." The sale is being handled by Douglas Elliman's Kane Manera, who (without a hint of hyperbole) proclaims it "the most important Park Avenue property to be made available in the modern history of New York real estate."

According to Daytonian in Manhattan, the Dekoven Mansion was designed by John Russell Pope (the architect behind the National Gallery, the National Archives, and the Jefferson Memorial) for composer composer Reginald DeKoven and his wife. It was built in 1911, at a time when a select few plutocrats controlled the overwhelming majority of wealth in the United States. In 1945, it was sold and divided into smaller apartments, and now, in 2015, it's being marketed as a single-family megamansion once again. How the times have changed!
· Listing: 1025 Park Avenue [Elliman]
· New York Co-op Offers to Sell All Its Units for $65 Million [WSJ]
· The 1912 DeKoven Mansion - No. 1025 Park Avenue [Daytonian]
· All 1025 Park Avenue coverage [Curbed]