Has Brooke Astor's Co-Op Finally Sold?

by Deidre Woollard (RSS feed)
Dec 20th 2010 at 6:02PM

We've been watching this once since 2008 but could Brooke Astor's New York City co-op at 778 Park Avenue finally have a buyer? Mrs. Astor, who died at the age of 105 in 2007 was one of the grand dames of New York society. Her home at 778 Park Avenue is considered to be an exceedingly prime New York co-op and it first hit the market for the wallet-busting price of $46 million but the NY Post's Jennifer Gould Keil reports that it could be selling for a price that is "in the high teens" less than half of the original list price.

The five-bedroom apartment has high ceilings, six terraces and five wood-burning fireplaces. A reception gallery with a wet bar, leads to a living room with a wood-burning fireplace and views up and down Park Avenue. According to the Post, the Upper East Side building's co-op board hasn't accepted the bid yet and so the duplex on the 15th and 16th floors of the classic 1931 Rosario Candela building is still being shown in hopes of boosting the price over the $20 million mark.

Gallery: Brooke Astor's Co-op

The famed corner library has gleaming red lacquer walls a wood-burning fireplace and French doors opening onto two terraces. The formal dining room also has a wood-burning fireplace and French doors leading out to a terrace. The kitchen includes a pantry, service hall, and three maid's rooms, a set-up which worked well in Mrs. Astor's days but might now be reconfigured into a large eat-in kitchen and family room for today's owner. There is an additional bedroom that can be used as a maid's room or reconfigured to be a second bedroom with ensuite bath. The private quarters include a sitting room with terrace, a separate powder room, and guest bedroom. At the end of the hall is in a corner room with a lovely wood-burning fireplace, terrace, and views toward Central Park. There are 20 closets. The listing of $24.9 million is still live on Stribling. The duplex has a monthly maintenance of $18,458

Tags: brooke astor, new york city real estate, new york real estate