clock menu more-arrow no yes mobile

Filed under:

For $25M, an Upper East Side condo with Park Avenue views

New, 10 comments

The enormous apartment has 102 feet of Park Ave frontage, apparently

Macklowe Properties may be better known, at this point, for its skyscrapers (namely the skyline-altering 432 Park Avenue) but the company’s real estate portfolio isn’t all überpricey high-rises—it also has überpricey slightly-less-high-rises, too.

Take, for example, 737 Park Avenue, a pre-war co-op building on the corner of East 71st Street. Macklowe bought in 2011 with the intention of turning it into condos, and since that conversion got underway, a number of ridiculously expensive apartments have popped up for sale—most notably, of course, its $40 million penthouse (which ended up selling for slightly less than that). Now we can add another blockbuster to that list: a five-bedroom apartment on the 12th floor just hit the market asking $25 million.

Of course, this isn’t the first time this particular unit has been up for grabs: It was first listed back in 2013, along with the building’s other condos, with a $27 million price tag. It’s since gotten a price chop and a brokerage switch (from Corcoran to Sotheby’s), and is trying again after more than a year off the market.

So what does $25 million get you? Unfortunately the photos that accompany the listing are virtually staged, but you can still get a feel for the place: It has “102 feet of Park Avenue frontage,” per the listing, and more than 6,000 square feet total. The apartments are meant to be large and family-friendly, and this place fits the bill, with plenty of bedrooms (each of which has an en-suite bathroom), a large living room, and tons of storage space.

Still, is that worth $25 million? You be the judge.

737 Park Avenue

737 Park Avenue, New York, NY 10021 Visit Website