Elizabeth Swig sold her 740 Park Avenue pad for nearly $15M under the original asking price


Elizabeth Swig and her 740 Park Avenue apartment (photo credit: Twitter)

After a whole lot of drama, real estate heiress Liz Swig has finally — finally! — sold her glamorous 740 Park Avenue apartment.


The Real Deal reported back in April that her apartment sold, but now, thanks to city records, we know that Swig received $18 million for the apartment — significantly lower than the $32.5 million price she originally listed it for in 2014. The buyers are Elizabeth and Jeffrey Leeds, the founder of Leeds Equity Partners.


The apartment was the subject of an intense legal battle between Liz Swig and her ex-husband Kent Swig. Liz is the daughter of New York developer Harry Macklowe and Kent is the son of San Francisco developer Melvin Swig. During the couple’s contentious divorce, Liz claimed that Kent borrowed $12.5 million against the apartment to use to settle his business debts. This put the apartment at risk of foreclosure and Liz reportedly had to ask her father to bail them out.


The apartment has four bedrooms and four and a half bathrooms, and the interiors were designed by Alan Wanzenberg. Other notable residents of the famous building include Vera Wang, David Koch and Blackstone chairman and CEO Stephen Schwarzman (among many, many others).