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Hedge Fund Billionaire Izzy Englander Paid A Record $71 Million For His Palatial Duplex

Alyson Penn   

Hedge Fund Billionaire Izzy Englander Paid A Record $71 Million For His Palatial Duplex
Finance2 min read

Israel Izzy Englander, 740 Park Ave

Sotheby's

Izzy Englander and his palatial new duplex.

It's official: Hedge-fund billionaire Israel "Izzy" Englander paid a record $71.3 million for a duplex apartment at New York's swanky 740 Park Ave., according to Bloomberg.

That's the highest price ever paid for a New York City co-op.

The billionaire purchased the apartment from the country of France, which was once used by the French ambassador, for a whopping $23 million over the asking price. A three-way bidding war pushed up the apartment's price, Curbed reported when the sale was first announced.

Englander already lived in the building, though the new duplex is a sure upgrade.

The palatial home has hardwood flooring, high ceilings, classic moldings, five fireplaces, and a small planting terrace. Among the 18 rooms, six are staff and maids' rooms, with a servants' hall and a two-bedroom master suite.

This is 740 Park Avenue, one of Manhattan's most famous and powerful buildings. Located on the 12th and 13th floors, the apartment has an astounding 18 rooms with 38 windows.

740 park ave

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A private elevator vestibule opens to a 35-foot marble gallery and the staircase leading to the second floor.
740 Park Ave

Sotheby's

Off the gallery is a baronial corner living room. The yellow accents offset the formal furniture.
740 Park Ave

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And if you step through the living room, you enter what looks like could be part of the library.
740 Park Ave

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On the same floor room is the 10-person dining room with large windows and a fireplace.
740 Park Ave

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There's also a study, complete with old-world paintings, wallpaper, and a fireplace.
740 Park Ave

Sotheby's

Here's the floor plan:

740 Park Ave

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