As you know, I am fascinated with 740 Park. Curbed is reporting that #4/5 A has traded at $32M to an unidentified buyer.
In the past, I have compared 740 Park to Apogee South Beach. I know from being inside Apogee South Beach that it is without peer in Miami Beach real estate, and apparently 740 Park has no peers as well. According to Curbed:
…those looking at 740 Park as a gauge of the luxury market are being quite foolish. This building plays by its own rules.
UPDATE: Ira Rennert is the buyer of #4/5 A and is rumored to have purchased another spread at 778 Park for “around $30M.” Both apartments are said to be purchased for his daughters. Sweet! [NYO]