A 3,550-square-foot apartment in one of Manhattan’s most prestigious co-operative buildings, designed by renowned architect Rosario Candela in 1927, will be hitting the market for $12.5 million soon, Mansion Global has learned exclusively.
Located on Park Avenue near 72nd Street, the recently refurbished pad has four bedrooms with four en-suite bathrooms and a maid’s residence. It also includes a separate laundry and pantry room and a locked storage area in the basement, according to Berkshire Hathaway HomeServices New York Properties, which is handling the listing.
"Standout features of this classic Manhattan home include the thoughtful 3,550-square-foot layout, high ceilings, an unusually large corner kitchen, and of course, the private elevator landing," said listing agent Dominic J.S. Longcroft.
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The apartment features hardwood floors, elegant moldings and paneled archways and 20 windows, with four exposures throughout.
The private elevator opens to the grand hallway and then to a 22-foot-long library with a wood-burning fireplace. The large living room is also enhanced with a wood-burning fireplace. The dining room leads to an open chef’s kitchen with top-of-the-line appliances and custom-designed cabinetry by Smallbone of Devizes of England.
The owner, Mark Francis, is chairman of financial advisory firm Hickory Group LLC and was formerly an investment banker with Citigroup, UBS and Lazard in London and New York.
Mr. Francis bought the apartment in 2006 for an undisclosed amount, property records show. He wasn’t immediately available for comment on the sale.
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The 14-story building, with a distinctive brick and limestone-ornamented façade, offers a host of amenities, including a 24-hour doorman, a private gym and individual storage rooms.
Notable residents in the co-op, per property records, include Regina "Gigi" Mahon, author of "The Last Days of the New Yorker" and an interior decorator; Elizabeth Schwarzman Right, a writer and daughter of Stephen A. Schwarzman, founder and chief executive of The Blackstone Group; and Rosemary Livingston Ripley, an investment banker and a great-great-granddaughter of Sidney Dillon, first chairman of the Union Pacific Railroad, and of Crawford Livingston, a founder of the American Express Co.