Sotheby's International RealtyFormer managing director at Morgan Stanley Charles G. Phillips and his wife Candace are selling their penthouse for $40 million, according to the New York Times.
Their children are now grown, so they don't need the huge amount of space the Park Avenue triplex offers.
The apartment was built in the 1920s by famous Italian-American architect Rosario Candela, and his influence still radiates through the apartment.