Bloomberg News

Zeckendorf Buys Co-Op on Manhattan’s Park Avenue for $27 Million

November 25, 2011

Nov. 23 (Bloomberg) -- William Lie Zeckendorf, co-chairman of real estate firm Terra Holdings LLC, bought an apartment at 740 Park Ave. in Manhattan for $27 million.

Zeckendorf, a developer of the luxury building 15 Central Park West, and wife Laura Weiser purchased the 17th-floor co-op from Gregory Fischbach and Linda Fischbach, according to New York City property records filed today.

The Park Avenue tower, 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, according to property-listings website StreetEasy.com. Its 31 units include duplexes, triplexes and penthouses with nine to 34 rooms, the site shows.

Occupy Wall Street protesters targeted the Upper East Side building in October when they marched to the homes of some of New York City’s wealthiest financiers and corporate executives. Blackstone Group LP Chairman Stephen Schwarzman and Koch Industries Inc.’s David Koch own apartments there.

A telephone message left for Zeckendorf seeking comment on the purchase wasn’t immediately returned.

In September, Zeckendorf sold his five-bedroom apartment at 927 Fifth Ave. for $34.6 million, $5.5 million more than he paid for it nine months before.

--Editors: Christine Maurus, Kara Wetzel

To contact the reporter on this story: Katie Spencer in New York at kspencer14@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net


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