Jackie Kennedy's Fifth Avenue Apartment Sold for $9.5 Million, Then Sold Again for $30 Million

In July 1964, eight months after Dallas, Jackie Kennedy agreed to buy the 15th floor of 1040 Fifth Avenue, 15 rooms over Central Park, for about $200,000, the New York Times reported. In January 1995, her children sold it to David Koch for $9.5 million. In 2006 it sold again, for $30 million on the city's sales record. Jackie lived there for 30 years and died there in May 1994. The family lost no money on the apartment: the 1995 sale came in at 47.5 times what she paid. But the apartment that sold in 2006 was not the one she lived in. In Koch's own words, "We gutted the apartment and redid everything." This is the story of that floor: the 1930 Candela building, the maid hired off the policeman on the corner, the governess who stayed 25 years, the court order drawn around the building, her last days at home, the will and the estate tax bill, the 1995 sale, the gut renovation and the $30 million resale. Chapters: 0:00 1040 Fifth Avenue and Jackie Kennedy 1:25 The Candela Building, 1930 3:05 Jackie Buys the 15th Floor, 1964 5:39 Kathy McKeon and the Household 8:05 The Red Dining Room 9:43 Marta Sgubin, the Governess 11:46 Ron Galella and the Court Line Around 1040 13:44 Jackie's Last Days at 1040 Fifth, May 1994 16:03 The Will and the Estate 19:06 Sold to David Koch for $9.5 Million, 1995 21:04 The Gut Renovation 23:32 The 2006 Sale: $30 Million on the City's Record 26:07 1040 Fifth Avenue Today Sources: the New York Times (1964, 1994, 1995, 1996 and 2003), the New York Observer (2006), the Associated Press and UPI (1994 to 1996), the Seattle Times (1996), the Tampa Bay Times (1994) and the Christian Science Monitor (1998); the NYC Department of Finance sales file (2006) and CityRealty's sales history for 1040 Fifth Avenue; Galella v. Onassis (1972, and the appeal); Jacqueline Kennedy Onassis's will (1994); Kathy McKeon's memoir and the Irish Echo (2017); Mary Barelli Gallagher; Michael Gross; RR Auction; Steven L. Brawley; and the Federal Reserve Bank of Minneapolis price index. Named sources only. This video covers the family's money, not its politics. Pictures (Creative Commons): 1040 Fifth Avenue by Ludmila Zellner Rotbauerová (4 photos, CC BY-SA 4.0, Wikimedia Commons), Godsfriendchuck (CC BY-SA 4.0, Commons) and edenpictures (2 photos, CC BY 2.0, Flickr); Jacqueline Kennedy Onassis Reservoir by Jakub Hałun (CC BY 4.0, Commons); David Koch by Gage Skidmore (4 photos, CC BY-SA 2.0 and 3.0, Commons); 75 Central Park West detail by Beyond My Ken (CC BY-SA 4.0, Commons); Convent of the Sacred Heart by ajay_suresh (CC BY 2.0, Flickr); 1220 Park Avenue by Deansfa (CC BY-SA 4.0, Commons); Aristotle Onassis, 1962, ELIA via Europeana (CC BY); Ron Galella by Alan Light (2 photos, CC BY 2.0); Joseph P. Kennedy II and Mayor Raymond Flynn, City of Boston Archives (CC BY 2.0, Commons); St. Ignatius Loyola and 740 Park by Americasroof (CC BY-SA 3.0, Commons); 740 Park Avenue by Eden, Janine and Jim (CC BY 2.0, Commons); Central Park Reservoir by vauvau (CC BY 2.0, Flickr). Public domain and CC0: U.S. National Archives (White House Photographic Office); Marjory Collins (Library of Congress); Cecil W. Stoughton (2 photos); New York Public Library (2 photos); Anefo (CC0). Licences: CC BY https://creativecommons.org/licenses/... · CC BY-SA https://creativecommons.org/licenses/... Paintings in this video were made for it with AI.