Treasury Secretary Steven Mnuchin is selling his Manhattan co-op for $32.5 million, according to Warburg Realty, which is listing the property.
Mnuchin had purchased the five-bedroom, seven-bathroom unit outright in 2000 for $10.5 million, according to the book “740 Park: The Story of the World’s Richest Apartment Building” by Michael Gross.
The building is home to high-profile residents, including billionaire businessman David Koch and Blackstone Group founder Stephen Schwarzman. Prominent New York families, including the Guggenheims, Vanderbilts, Rockefellers, Bouviers and Chryslers, have lived in the building at one time or another over its 88-year existence, according to the Gross book.
Prior to being confirmed as treasury secretary in February 2017, Mnuchin worked at the investment firm Goldman Sachs for 17 years before leaving to start a series of hedge funds. Mnuchin also was involved in producing and financing a number of Hollywood films -- “The Lego Movie,” “The Accountant," “Collateral Beauty” and the X-Men franchise -- under Dune Entertainment, a company he founded.
The 6,500-square-foot unit occupies two floors at 740 Park Ave. Constructed in 1929 by James T. Lee, grandfather of Jacqueline Kennedy Onassis, the art deco building was designed by famed New York architect Rosario Candela and Arthur Loomis Harmon, whose architecture firm designed the Empire State Building.
The entrance to the home is via private elevator that opens to a foyer with 11-foot ceilings. A curved staircase leads to the bedrooms and den upstairs. The banister is original to the unit, which was completed in 1930.
The 800-square-foot living room with wood-burning fireplace looks out onto 34 linear feet of Park Avenue. A dentil style crown molding adds definition to the height of the room. The kitchen comes with a Viking stove, two Sub-Zero refrigerators, two Miele dishwashers and a wine refrigerator. A storage pantry, small bedroom and full bathroom are nearby.
The master bedroom is one of the largest rooms in the unit and comes with a wood-burning fireplace, dressing room, two master bathrooms, three walk-in closets and a home office. It takes up an entire wing of the top floor.