HOUSE OF THE DAY: Heirs To A Banking Legend Sell His Swanky Park Ave. Penthouse For $20 Million

Herbert Allen Senior UES

Photo: Fox Residential Group

The heirs of the late banker Herbert Allen, Sr. have just sold his swanky, ’70s-style penthouse on the Upper East Side to an undisclosed buyer for $20 million, according to The New York Daily News.The Park Avenue pad occupies both the 30th and 31st floors of the co-op building on 733 Park Avenue. It comes with three landscaped terraces, floor-to-ceiling windows in the foyer, and a private elevator.

Allen was once one of the wealthiest men on Wall Street. His son, Herbert Allen Junior, now runs the boutique investment bank Allen & Co. and hosts the company’s annual tech/media/finance conferences in Sun Valley each year.

Allen Sr. originally bought the UES penthouse for $526,500 in the ’70s when the building was still new, according to The Daily News. The penthouse was listed with Fox Residential Group, and the buyer will remain unknown until the sale is registered next week.

A curved staircase connects the 30th and 31st floors of the penthouse. The floor-to-ceiling window is the first thing you see upon entering.

The living room has antique parquet de Versailles floors and a wood burning fireplace.

The formal dining room can easily sit 20, according to the real estate listing.

The library has its own East-facing terrace, another fireplace, and more of those gorgeous parquet floors.

The French country kitchen was recently renovated with top-of-the-line appliance.

It also has an adjacent breakfast room.

Upstairs, the master bedroom has its own private terrace, and a huge dressing room.

It also has a gorgeous marble master bath with soaking tub, shower stall, water closet (with bidet), and double vanity.

Sure the decorations need some updating in this guest bedroom, but 733 is the only building on Park Avenue with views of Central Park.

The penthouse has three landscaped terraces.

They total 1,250 square feet altogether, and have gorgeous views of the New York skyline.

Hello, New York!

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