Jacqueline Kennedy Onassis’s childhood home gets a major price cut to $29.5M

There have been some big price chops for an apartment at 740 Park Avenue, one of New York’s most iconic co-ops, once lived in by Jacqueline Kennedy Onassis herself. The former first lady—whose grandfather developed 740 Park in 1929—lived in this apartment between the ages of two to seven. It is now owned by David Ganek, a hedge fund manager, who has used the Rosario Candela-designed co-op as a home for his impressive modern art collection. He first listed it in 2014 for $44 million, and now it’s on its third price chop down to $29.5 million.

The apartment is a 12-room duplex boasting an impeccable Candela floorplan. You enter into a spacious marble gallery, with a sweeping staircase, that’s decorated with artwork. Ganek has every artist from Warhol, John Baldessari, Richard Prince, Cindy Sherman, and Edward Ruscha lining the walls.

The “entertaining floor” holds the living room, which faces Park Avenue, a library with the original wood paneling and a formal dining room. Each room has its own fireplace, of course.

The kitchen, also on the entertainment floor, has its own breakfast room as well as staff quarters.

Here’s a look inside the wood-paneled library.

Upstairs, you’ll find the master bedroom suite which overlooks Park Avenue and comes with two marble bathrooms, two dressing rooms and two offices.

There are three other bedrooms, each with ensuite bathrooms, and a media room on this upper level. Although the apartment has been modernized and renovated, it still has lots of its original charm and retains its large, graceful layout–you can’t mess up much with good bones like these!

[Listing: 740 Park Avenue, 6/7A by the Alexander Team for Douglas Elliman]

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Photos courtesy of Douglas Elliman