Published On: Thu, Jul 17th, 2014

David Ganek Asking $44 Million for Jackie O Manhattan Home, Reason: Robbery

The world’s richest apartment building is seeking a new tenant.

740 Park Avenue

 

Former hedge fund manager David Ganek is looking to sell his 8, 000 square foot duplex apartment in the 740 Park Avenue co-op building for $44 million. The price comes with the added attraction that Jackie Kennedy Onassis spent her Childhood years there.

According to the listing, the apartment has four bedrooms, six bathrooms, a staff wing and a $13, 278 a month maintenance fee. It also boasts a marble gallery, a grand “sweeping staircase, ” a formal living room with fireplace and bronze bar, a paneled library, also with fireplace, custom built-in bookcases, a chef’s kitchen with a “sunny breakfast room, ” and a formal dining room — with another fireplace.

The master bedroom has two marble bathrooms, two dressing rooms, and two offices.

 

Jacqueline Kennedy Onassis' former Park Avenue apartment in New York   Photo by Trulia DDavid Ganek

 

Ganek purchased the apartment in 2012, for $19.1 million. He and his wife Danielle may have chosen to move downtown to a building in Soho in response to a number of high profile robberies in their building last year. The couple reported a pair of diamond earrings, two Patek Philippe watches and other jewelry worth about $100, 000 stolen from their apartment.

Mr. Ganek may also be in need of some cash, since his hedge fund, Level Global Investors, has been forced to close after it was raided by the FBI. The firm was embroiled in an insider trading scandal and Ganek’s partner, Anthony Chiasson, was sent to prison for six and a half years.

Located in Manhattan’s Lennox Hill neighborhood between East 67th and 68th Streets, 740 Park Avenue has been called the world’s richest apartment building. Some of the wealthy elite who made it their home over the years include John D. Rockefeller, Jr., David H. Koch, Stephen A. Schwarzman, Vera Wang, Woody Johnson, Ronald Perelman and Ronald Lauder.

Barbra Streisand, Neil Sedaka and Russian billionaire Leo Blavatnik were all refused admission to the building by its co-op board.

The building most recently housed the French ambassador to the UN, whose residence was sold earlier this year for $70 million.

Built in 1929 in the Art Deco architectural style, the 256 foot tall building has 31 units, including duplexes and triplexes.

Michael Gross wrote about the building in a 2005 book titled 740 Park: The Story of the World’s Richest Apartment Building. Alex Gibney made a documentary movie about it in 2012, titled Park Avenue: Money, Power & the American Dream.

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