REIT King David E. Simon Just Listed His 625 Park Spread for $39.5M

Tony Ingaro did the redesign of the 7,500-square-foot apartment in the limestone co-op

David E. Simon and Jackie Simon are parting ways with their palatial spread at 625 Park.

David E. Simon and Jackie Simon are parting ways with their palatial spread at 625 Park. (Photo by Mireya Acierto/Getty Images)

It was rather fitting when David Simon, who built the largest real estate investment trust in the United States, purchased the equally grand and impressive entire fourth floor of the J.E.R. Carpenter-designed limestone 625 Park Avenue in 2011.

Mr. Simon and his wife, Jacqueline, paid David and Lisa Matlin $25 million for the sprawling, fifteen-room co-op, though at the time, it was divided into a 5,000-square-foot newly renovated spread along with a 2,500-square-foot space that was in need of some TLC. And it sure seems that the Simons gave it that–at least, they seem to think so, since they’ve now listed the full 7,500-square-foot palatial six-bedroom, 7.5-bath abode for $39.5 million.

And this is the before picture...

And this is the before picture… (Photo: Courtesy Douglas Elliman)

“It was combined by Tony Ingaro,” Douglas Elliman Broker Richard Steinberg, who is sharing the listing with Matthew SlosarAlexandra Mignogna, and Emanuele Fiore told the Observer. “He’s world-renowned! It was for a family who had quite a few children, so it was more important that it was casual living,” he added. Yup, a 7,500-square-foot floor at 625 Park is all very casual.

“The apartment is all done in soft tones of beiges and blues,” Mr. Steinberg said. “It’s one of the most beautiful combinations I’ve ever seen! Usually when you combined apartments, they don’t flow, but in this case, it does.”

The home has both formal and informal libraries (but of course), a full gym, and a billiard room. “My favorite room is the kitchen–and the library,” Mr. Steinberg told us.

“They took the dining room and kitchen and made it one large family kitchen. You feel you’re in Greenwich, Connecticut—there’s a fireplace in the kitchen. It’s really spectacular,” he continued.

The entirely limestone co-op at 625 Park Avenue.

The entirely limestone co-op at 625 Park Avenue. (Photo: StreetEasy)

There’s also 65 feet of frontage along Park Avenue, with the living room, dining room, and master bedroom all facing Park. The 32-unit limestone co-op has, at various times, been the home of the likes of Leon Hess, Helena Rubinstein, and Ira Rennart.

And if any potential buyers are concerned that the mammoth residence might get a tad drafty; cold, even, there’s no need to fret—fireplaces can be found in the living room, dining room, kitchen, master bedroom, and screening room.

And though Mr. Simon is the CEO of Simon Property Group, which is headquartered in Indiana, he’s not heading back to the midwest in any permanent state anytime soon.

“I think some of the children are not living at home anymore—I think they decided that they would like a change,” Mr. Steinberg said. “They’re staying in New York City, though!”

 

  REIT King David E. Simon Just Listed His 625 Park Spread for $39.5M