April 6th 2011
Lots of Curbed readers love to bash the pre-war palaces of Park Avenue for their wood-paneled stuffiness, but here’s a stunning old-money abode that still manages to feel a bit modern. It’s the full fourth floor of 625 Park Avenue, a J.E.R. Carpenter co-op classic from 1931, and it just hit the market for a whopping $29.75 million. Some of the details: 7,500 total square feet, 65 feet of Park Avenue frontage, five working fireplaces, chef’s kitchen, “generous closeting” and a foyer so white and pure it will burn a sinner’s eyes just to look at it. But before you start putting together that board approval application, don’t you want to know about the catch?
A few walls stand in the way of ultimate Park Avenue glory.
This chunk of floorplan porn is so epic that it takes two listings from two different brokerages just to handle it. Both bring up the fact that the space is currently divided into two units. The larger one is the polished finished product seen in the photos, while the “second living space, approximately 2,500 square feet, awaits your personal touch. Completed and available architectural drawings and plans will assist your seamless integration of the entire floor providing for additional bedrooms, wine cellar, home theatre, back-pantry/prep-kitchen, office, and recreation room.” So tack on an extra couple million, though the buyer will probably have it in his couch cushions.
According to old property records it looks like the fourth floor is owned by buyout king (or vulture, if you prefer) David Matlin and his wife, Lisa, who went into business with actress Phoebe Cates on a Madison Avenue boutique called Blue Tree. According to a rumor making the rounds, the Matlins are the buyers of the $17 million penthouse atop 419 Broome Street, the Soho loft building where Heath Ledger met his tragic end. If that’s the case, check out what they’re leaving behind