We bet no calls got dropped when this deal was closing: Lawrence T. Babbio Jr., the former president and vice chair of Verizon, just sold his sprawling penthouse at 720 Park Avenue for $24 million.
Mr. Babbio and wife Sheri‘s former abode is large enough—10 rooms in all, including a 31-foot-by-27-foot living room and five dramatic terraces (yes, five)—that it might require some telecommunications savvy just to reach the apartment’s other inhabitants. Fortunately, the building was designed by Rosario Candela, so the layout is impeccable. Oh, and there’s 90-feet of Park Avenue frontage to coo over, plus a plethora of floor-to-ceiling and panoramic 6-over-6 windows to gaze at it from. Read More