Thain can't dump Park Avenue penthouse despite $10M discount

The exclusive co-op at 740 Park Avenue may be hard to get into. But it seems tough to exit as well.

Units in the trophy building, which has counted some of New York’s wealthiest among its shareholders, have been slow to sell even in a recovering housing market.

For instance, the duplex penthouse on the 17th and 18th floor belonging to financier John Thain, the former chief executive of CIT Group and current board member of Uber, has not found a buyer since 2018, despite slicing its price from about $40 million to $30 million since that time.

Thain, who had top jobs at several investment

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