Pursuits
Oaktree’s Marks Pays a Record $52 Million for NYC Co-Op
This article is for subscribers only.
Howard Marks, chairman and co-founder of Oaktree Capital Group LLC, paid $52.5 million for a duplex apartment on New York’s Park Avenue, a record price for a Manhattan co-op.
Marks acquired the eight-bedroom property at 740 Park Ave. from Courtney Ross, the widow of former Time Warner Inc. Chief Executive Officer Steven J. Ross, according to New York City property records filed on May 11.