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Former Merrill Lynch CEO’s Park Avenue pied-à-terre lists for $39.5M

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John Thain and his wife bought the “irreplaceable” duplex penthouse back in 2006

In the pantheon of uberexclusive, uberexpensive Upper East Side apartment buildings, perhaps none is so exclusive or expensive as 740 Park Avenue, designed by Rosario Candela and home, at one time or another, to Jacqueline Kennedy Onassis, John D. Rockefeller Jr., Stephen Schwarzman, and other members of Manhattan’s moneyed set.

Apartments there come to the market rarely, but one of its wealthy residents—John Thain, the former CEO of Merrill Lynch and current Uber board member—is moving on. The New York Times reports that he and his wife, Carmen, have listed their duplex penthouse in the building for a whopping $39.5 million.

Thain told the Times that while the couple love the “irreplaceable” apartment, “we’re just not spending any time there lately.” It was, apparently, merely a pied-à-terre for the couple, who call a Westchester estate with five different addresses home. (The rich: they’re definitely not like the rest of us.) They bought the apartment for $27.5 million in 2006, and hired architect Oscar Shamamian and the interior designer Michael S. Smith to revamp parts of the space—a new kitchen, adding a home automation system, etc.

The apartment has three bedrooms and three and a half bathrooms, along with all of the niceties you’d expect from a former finance guy’s multi-million dollar Park Avenue apartment: three wood-burning fireplaces, a private elevator landing, Central Park views, a formal dining room that seats 20, a winding staircase, customized everything, and a landscaped roof terrace—and that’s just the beginning, really.

Before the Thains moved in, the apartment belonged to the family of Enid A. Haupt, a former Seventeen publisher whose philanthropy led to her name gracing the New York Botanical Garden’s conservatory. John Burger of Brown Harris Stevens is repping the Thains for the sale.

740 Park Ave

740 Park Avenue, New York, NY