Is there a bigger indicator of the hobbled high-end market than the current state of the city's most exclusive co-op, 740 Park? There are three units on the market! (Though one is now in contract.) Is that just the beginning? Michael Gross, 740 Park's unofficial official biographer, tells New York: "The building houses a half-dozen of the central figures in the financial meltdown. Those apartments haven't been listed ... yet." Ousted Merrill Lynch boss John Thain owns a penthouse in the building. [NYM]
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