Thomas Brodsky Buys $15M Duplex at 740 Park Avenue

A New York City real estate scion has bought into a building known for attracting the generationally wealthy.

Thomas Brodsky, partner at the Brodsky Organization, closed on a duplex at 740 Park Avenue for $15 million, according to public records. The apartment was sold through a trust.

The 31-unit building, designed by Rosario Candela and maintained by a discerning co-op board, is known as much for its opulent apartments as well as its exclusive nature.

The 15-room spread Brodsky acquired comes with five beds and five baths, and features a private elevator. The living room spans over 35 feet long and includes a fireplace, four oversized sash windows, crown moldings and original Versailles hardwood floors, according to the listing.

All five bedrooms are on the upper level. The primary suite features a wall of reach-in closets, a walk-in dressing room and a windowed en-suite bathroom. Three of the other bedrooms come with private bathrooms. The upper level also includes staff quarters, which are comprised of two bedrooms, a bathroom and a kitchenette.

Serhant’s Ryan Serhant and Chase Landow had the listing. The apartment was originally listed for $16 million in 2023 by Corcoran before Serhant took it over in the fall and knocked $1 million off.

Serhant declined to comment on the sale.

The sale is a rare near-ask deal in the coveted building, which, like many co-ops around the city, has seen unit values stagnate as buyers opt for relatively hassle-free condo buildings.

True, some of the world’s wealthiest individuals have recently scooped up spots at 740 Park, which has been dubbed New York City’s “richest building,” but well below the original price tag.

In February, Julia Koch sold her 18-room duplex in the building to billionaire hedge funder Ken Griffin for $45 million after she had previously reportedly been shopping the property for up to $60 million.

Former Treasury Secretary Steven Mnuchin found a buyer in 2021 for a 6,500-square-foot home at the property, but it took three years and a 20 percent price cut. Ex-Merrill Lynch CEO John Thain sold his co-op in 2023 for $28 million, roughly even what he paid for it in 2006, while developer William Zeckendorf sold his pad in 2019 for a small gain from his 2011 purchase.

The deal came at the same time that Brodsky, who represents the third generation of his family’s real estate operation, dropped the price on his West Village townhouse, which has been listed since 2023. Originally on the market for over $25 million, he is now asking just under $20 million.

Brodsky has also been busy in his professional capacity as a developer.

The Brodsky Organization is currently readying its Flatiron Building condo conversion for a sales launch this fall. The group bought into the project in 2023 and is partnered with GFP Real Estate and Sorgente Group on the 60-unit development.