The heirs of the late banker Herbert Allen, Sr. have just sold his swanky, '70s-style penthouse on the Upper East Side to an undisclosed buyer for $20 million, according to The New York Daily News.
The Park Avenue pad occupies both the 30th and 31st floors of the co-op building on 733 Park Avenue. It comes with three landscaped terraces, floor-to-ceiling windows in the foyer, and a private elevator.
Allen was once one of the wealthiest men on Wall Street. His son, Herbert Allen Junior, now runs the boutique investment bank Allen & Co. and hosts the company's annual tech/media/finance conferences in Sun Valley each year.
Allen Sr. originally bought the UES penthouse for $526,500 in the '70s when the building was still new, according to The Daily News. The penthouse was listed with Fox Residential Group, and the buyer will remain unknown until the sale is registered next week.
A curved staircase connects the 30th and 31st floors of the penthouse. The floor-to-ceiling window is the first thing you see upon entering.
Source: Fox Residential Group
The living room has antique parquet de Versailles floors and a wood burning fireplace.
Source: Fox Residential Group
The formal dining room can easily sit 20, according to the real estate listing.
Source: Fox Residential Group
See the rest of the story at Business Insider