History
740 Park Avenue was constructed in 1929. It was designed by Rosario Candela and Arthur Loomis Harmon, the design partner of Shreve, Lamb and Harmon. It was built by James T. Lee, grandfather of Jacqueline Kennedy Onassis. The building has 31 units, many being duplexes, with the highest ceilings on Park Avenue. Units often feature formal dining rooms, libraries, living rooms of 40 by 23 feet and spacious entrance halls known as "galleries." The building has an understated Art Deco limestone exterior.
Units in the building have regularly sold for some of the highest prices in New York City. In 2000, Stephen Schwarzman purchased Saul Steinberg's apartment for "slightly above or below $30 million," which was reportedly the highest price ever paid on Park Avenue. The apartment was previously owned by John D. Rockefeller, Jr., who moved to the building in 1937.
Life in the building is amusingly described in the New York Social Diary. In 2005, author Michael Gross published a detailed book on the building and its history, 740 Park: The Story of the World's Richest Apartment Building. According to Gross, builder Lee's daughter Janet Lee Bouvier and son-in-law Jack Bouvier took the final open lease (according to one account, for free), and their daughter Jacqueline Kennedy Onassis grew up there.
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“The history of the genesis or the old mythology repeats itself in the experience of every child. He too is a demon or god thrown into a particular chaos, where he strives ever to lead things from disorder into order.”
—Ralph Waldo Emerson (1803–1882)
“Systematic philosophical and practical anti-intellectualism such as we are witnessing appears to be something truly novel in the history of human culture.”
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“What you don’t understand is that it is possible to be an atheist, it is possible not to know if God exists or why He should, and yet to believe that man does not live in a state of nature but in history, and that history as we know it now began with Christ, it was founded by Him on the Gospels.”
—Boris Pasternak (1890–1960)