05/15/2012 12:15 pm ET

740 Park Avenue Co-Op Sells To Howard And Nancy Marks For Record-Breaking $52.5 Million (PHOTOS)

Billionaire investor Howard Marks and his wife Nancy are new owners of a sprawling 30-room apartment at 740 Park Avenue. The couple paid $52.5 million for the pricey property, breaking the New York City record for most expensive co-op.

At the 8-bedroom, 10-bathroom, six-terrace pad, The Marks will be new neighbors with other one percenters. From The New York Daily News:

High-profile residents include billionaire Stephen Schwarzman, co-founder of the Blackstone Group, who bought the apartment once occupied by John D. Rockefeller Jr.; designer Vera Wang, and John Thain, the last chairman and CEO of Merrill Lynch.

Celebrities like Barbra Streisand, Elizabeth Taylor and Barbara Walters have reportedly been rejected by the building. Real estate insiders say residents of the building are so rich that their staff eats takeout from Le Cirque and Daniel.

For more on the luxe apartment, read the Daily News article here, and check out some photos below, courtesy of



740 Park Avenue