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Jacob Safra Buys Jackie O’s Childhood Apartment on Park Ave for $25M

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Have you ever wanted to visit, or better yet, live in, the childhood home of a well-known historical figure? One lucky buyer has now achieved that dream, to the tune of $25.5 million. The Park Avenue apartment where former First Lady Jaqueline Onassis Kennedy spent part of her childhood was sold to an anonymous buyer for just that price as of Thursday, according to a Sotheby’s spokeswoman cited by Mansion Global.com. Though still intimidating, the $25 million price tag is a drastic reduction of the 2014 asking price of $44 million.

Located at 740 Park Avenue in Manhattan, the apartment was put up for sale by former hedge fund manager David Ganek and his wife Danielle, who purchased the property in 2005 for $19.1 million. Ganek lost his $4 billion hedge fund, Level Global Investors, as a result of a 2010 investigation by then-U.S. Attorney Preet Bharara into possible insider trading.

As for Kennedy’s childhood home, it was built circa 1930 by the future First Lady’s grandfather, James T. Lee, a real estate developer who created well known co-ops at 740 Park Avenue and 998 5th Avenue. The lavish home, where Kennedy lived from age two to seven, contains a library and dining room (complete with fireplaces), a living room, and a media room, according to Mansion Global’s report. The apartment also features samples from Ganek’s art collection, including works by artists such as Andy Warhol, Richard Prince, Cindy Sherman, and John Baldessari. According to Elle Décor.com, the apartment features “original architectural details [that] have been painstakingly restored to museum quality.”

The Park Avenue apartment is not the only piece of history connected with Jackie Kennedy to be up for grabs on the market. In June, Merrywood, a seven-acre mansion in the Washington, D.C. suburb of McLean, Virginia, which served as a home to Kennedy, Gore Vidal, and businessman C. Wyatt Dickerson and his wife Nancy, became available for $45.5 million. According to the Wall Street Journal, the property was the most expensive available in the area. The four-story mansion boasts 13 bathrooms, nine bedrooms, a wine cellar, and several common rooms.

“I always love it so at Merrywood,” Kennedy (then Bouvier) wrote wistfully as a teenager in 1944, according to Vanity Fair. “So peaceful . . . with the river and those great steep hills.” One can only envy the lucky owner who can now enjoy that romantic setting any time they want.

By: Yehuda Sagan

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