Legendary Hedge Funder Paid $52.5M For This Park Ave Co-Op

//Legendary Hedge Funder Paid $52.5M For This Park Ave Co-Op

Legendary Hedge Funder Paid $52.5M For This Park Ave Co-Op

Hedge Fund Manager and founder of Oaktree Capital  Howard Marks paid $52.5 M for Park Ave  duplex

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Howard Marks, chairman and co-founder of Oaktree Capital Group LLC (OAK), paid $52.5 million for a duplex apartment on New York’s Park Avenue, a record price for a Manhattan co-op.
Marks acquired the eight-bedroom property at 740 Park Ave. from Courtney Ross, the widow of former Time Warner Inc. Chief Executive Officer Steven J. Ross, according to New York City property records filed on May 11.
The duplexes total more than 30 rooms on the 12th and 13th floors of the building. All told, they have eight bedrooms, 10 bathrooms, a private elevator, elliptical staircases, views of Central Park, two libraries, and seven fireplaces.
The Park Avenue  completed in 1930 and designed by architects Rosario Candela and Arthur Loomis Harmon, has been home to John D. Rockefeller Jr. and Jacqueline Kennedy Onassis. Its 31 units include duplexes, triplexes and penthouses with nine to 34 rooms.

Read More: Business Insider

2012-05-18T21:51:31+00:00

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