Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Businessinsider

Got €8.6 million to spare? You could have this Park Avenue apartment

A steal at twice the price

A former executive at the investment management firm Sanford C. Bernstein is putting her Park Avenue apartment up for sale.

Marilyn Fedak, Sanford Bernstein’s former chief investment officer and executive VP, and her husband Dr. Michael Fedak, are selling their home after 17 years. According to the New York Times, Mr. and Mrs. Fedak decided to sell after spending much more time in Boca Raton and Greenwich, than in the New York penthouse.

The Fedaks will keep a smaller apartment in the same building, which they bought in 2003.

The penthouse for sale is a 3 bedroom, 2.5 bath apartment that rings up to $11.5 million (€8.6 million). It includes 3,300 square feet of indoor space, and a 3,000 square feet rooftop terrace. Located at 655 Park Avenue on the Upper East Side, the apartment terrace has a beautiful view of the New York City skyline.

The apartment’s lower level welcomes guests in with a grand reception gallery, with wet bar and powder room.

the-apartments-lower-level-welcomes-guests-in-with-a-grand-reception-gallery-with-wet-bar-and-powder-room Businessinsider Businessinsider

With three bedrooms in the apartment, the Fedaks use one for a study, and the other as a library.

with-three-bedrooms-in-the-apartment-the-fedaks-use-one-for-a-study-and-the-other-as-a-library Businessinsider Businessinsider

The master suite takes up the entire 10th floor.

the-master-suite-takes-up-the-entire-10th-floor Businessinsider Businessinsider

The library includes mahogany bookshelves and window frames.

the-library-includes-mahogany-bookshelves-and-window-frames Businessinsider Businessinsider

The 11th floor private terrace was professionally designed and landscaped.

the-11th-floor-private-terrace-was-professionally-designed-and-landscaped Businessinsider Businessinsider

The terrace has a wet bar, dining area, and lots of greenery.

the-terrace-has-a-wet-bar-dining-area-and-lots-of-greenery Businessinsider Businessinsider

Spanning over 3,000 square feet, it provides a beautiful view of the city.

spanning-over-3000-square-feet-it-provides-a-beautiful-view-of-the-city Businessinsider Businessinsider

Read: This Manhattan ‘Sky Loft’ is on the market for $48 million. Want to see inside?

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Published with permission from
View 14 comments
Close
14 Comments
    Install the app to use these features.
    Mute Diarmuid
    Favourite Diarmuid
    Report
    Apr 15th 2020, 9:32 AM

    Brexit hasn’t gone away

    33
    Install the app to use these features.
    Mute Ale Ceaser
    Favourite Ale Ceaser
    Report
    Apr 15th 2020, 9:56 AM

    @Diarmuid: The Brexit consequences are our 3rd priority now. After coronavirus – and then sorting out how to pay for the billions it costs!

    27
    Install the app to use these features.
    Mute Garreth mc mahon
    Favourite Garreth mc mahon
    Report
    Apr 15th 2020, 10:01 AM

    @Ale Ceaser: and you can’t pay back the billions without sorting brexit, there needs to be solid trade deals so we know roughly where we stand in relation to import/export/ employment.any big changes will cause even more tax and unemployment burden

    19
    See 1 more reply ▾
    Install the app to use these features.
    Mute Ale Ceaser
    Favourite Ale Ceaser
    Report
    Apr 15th 2020, 10:12 AM

    @Garreth mc mahon: We’ll have written an awful lot of cheques before Brexit is sorted!

    7
    Install the app to use these features.
    Mute John C
    Favourite John C
    Report
    Apr 15th 2020, 10:25 AM

    Brexit, Smcexit, That is all so yesterday. It’s a one world struggle now guys. For now, forget climate change, arms limitations, economy downturns, it’s all about beating a tiny little virus. This pandemic should be a wake up call to us all. We will live in a changed world after this is finished.

    20
    Install the app to use these features.
    Mute Ale Ceaser
    Favourite Ale Ceaser
    Report
    Apr 15th 2020, 10:28 AM

    @John C: Sadly that changed world, for Ireland, will include billions more borrowings. Not so much yesterday – but next summer….

    10
    Install the app to use these features.
    Mute John C
    Favourite John C
    Report
    Apr 15th 2020, 10:39 AM

    @Ale Ceaser: Two saying spring to mind……. Money follows money……. and…….. Never waste a good crisis.

    At the end of the day the usual suspects will be winners yet again.

    7
    See 1 more reply ▾
    Install the app to use these features.
    Mute Fabio Dillon
    Favourite Fabio Dillon
    Report
    Apr 15th 2020, 4:45 PM

    @John C: one that hopefully doesn’t rely on China anymore.

    2
    Install the app to use these features.
    Mute Sean O Rodaigh
    Favourite Sean O Rodaigh
    Report
    Apr 15th 2020, 5:40 PM

    Easy negotiating here!. UK we have no money.EU we have no money. Wanna trade? Ok where do we sign. Done in a few weeks.

    14
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds