clock menu more-arrow no yes mobile

Filed under:

Jacqueline Kennedy Onassis’s childhood Park Avenue home sells for $25.25M

New, 10 comments

After several years on the market, the exclusive duplex sold to a Safra banking heir

Update, July 17: Luxury Listings NYC reports that Jacob M. Safra, an heir to the famous Safra banking family, is the buyer for Jackie O.’s childhood home. Per records filed with the city, the apartment sold for a final price of $25.25 million, a slight discount from the $29.5 million asking price. This adds yet another property to the list of expensive (and exclusive) homes owned by various Safra family members, including the former Manhattan Country School headquarters (picked up by Edmond Safra for $20 million), and the onetime most expensive property for sale in NYC, a three-townhouse parcel asking $120 million.

After several years on the market and multiple price cuts, the Park Avenue apartment where Jacqueline Kennedy Onassis spent a slice of her childhood has finally sold for $25.25 million, the Wall Street Journal reports. A relative bargain!

Once belonging to the former First lady’s parents, the palatial duplex at 740 Park Avenue—perhaps the priciest and most exclusive of Rosario Candela’s many pricy and exclusive buildings—was Onassis’s home from ages two to seven. (That’s not it’s only tie to the family: her grandfather, James T. Lee, developed the building around 1930.)

The abode has, of course, gotten some updates since then: the current sellers, hedge fund founder David Ganek (that David Ganek) and his wife Danielle picked up the place in 2005 for $19.1 million and renovated, though the biggest change may have been the addition of their modern art collection, which works by Richard Prince, Andy Warhol, and Cy Twombly. (Presumably, those were not included in the sale.)

They first listed the home back in 2014 for $44 million, and later chopped the price to a more modest $29.5 million in 2016. The sale closed Thursday, a spokeswoman for Sotheby’s told the WSJ. She declined to name the buyer, but one can only imagine they will enjoy the sweeping marble staircase, “baronial” living room, two-bathroom master suite (why stop at one?), and array of staff rooms.

If you also dreamed of owning one of Onassis’s childhood homes, though, don’t despair: as the WSJ notes, there’s another on the market, though you’ll have to move to Virginia for it. Merrywood, the Georgian-style mansion in McLean, is currently available for $49.5 million.

740 Park Ave

740 Park Avenue, New York, NY