After nearly three years on the market, the Bouvier apartment in Manhattan’s legendary building 740 Park Avenue has sold. The co-op unit fetched $25.25 million when the dust finally settled; it had been initially listed in 2014, with an asking price of $44 million, but the ask had been slashed considerably prior to the sale, to $29.5 million.
The building dates to the late 1920’s, and has come to be regarded as an architectural symbol of political and corporate power, achieving nearly mythological status via media exposure detailing the $100-million requirement for residency. The recent sale of this apartment only reinforces the common perception of the building—it was the childhood home of Jacqueline Kennedy Onassis.
The duplex measures roughly 3,000 square feet, and contains four bedrooms and four baths. It has been recently and painstakingly restored and revised with an eye toward historic preservation.
The apartment begins with a grand marble gallery; the room offers both a staircase and a striking visual embellishment: an illuminative installation which contrasts beautifully with the graceful period staircase.
The home’s crown moldings, and some light fixtures, help to enhance the historical relevance of the space. Key features—the paneling in the library, for example—have been restored, and give the residence the exquisite poise between past and present. Fireplaces throughout the home are all original, each an individual statement.
The apartment’s master suite overlooks Park Avenue, and incorporates a pair of baths revised with slab marble, as well as a set of dressing rooms and offices. The kitchen deserves special mention: redesigned with a recessed pocket ceiling, it now features an accent wall with transparent shelf storage suspended over the island, a unique touch.
The property renovation is the work of Fox-Nahem Associates.