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Luxury Vacancies

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When one apartment comes on the market in New York’s most coveted co op, it’s cause for chatter, but 740 Park Avenue now has three up for grabs: spreads belonging to Courtney Ross Sale, the late Randolph and June Speight, and financier Peter Huang (though the latter is in contract). Are more to come? Resident J. Ezra Merkin’s Ascot Partners hedge fund just lost $1.8 billion in connection with Bernie Madoff, and ousted Merrill Lynch head John Thain owns a four-exposure penthouse. “The building houses a half-dozen of the central figures in the financial meltdown,” says Michael Gross, author of 740 Park: The Story of the World’s Richest Apartment Building. “Those apartments haven’t been listed ... yet.”

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