The money manager Peter W. May and his wife, Leni May, are ready to part with their longtime home at the San Remo, one of the prewar masterpieces of the architect Emery Roth.
Their sprawling apartment, in the north tower of the landmark building, at 145-146 Central Park West between 74th and 75th Streets, is a combination of two units on the 15th floor with prime vistas of Central Park and the Lake.
“I love the apartment,” said Mr. May, a founder and president of the asset management firm Trian Partners, “and the views of the park attracted me in the first place.” But one thing this residence lacked, he said, was private outdoor space.
So, the Mays are trading one exclusive co-op address for another across town. Over the summer, they paid $29.5 million for a 17th-floor apartment at 740 Park Avenue near 71st Street, designed by the equally renowned architect Rosario Candela. The unit, purchased from the developer William Zeckendorf, has three bedrooms, five and a half baths and four terraces.
The Mays are now putting their San Remo apartment on the market with an asking price of $25 million, according to Bonnie and Lisa Chajet, the mother-daughter team from Warburg Realty who are listing the property with their colleague Ronnie Lane. Monthly maintenance is $14,007.
The rambling space, with a total of about 5,725 square feet, is currently configured with four bedrooms and five and a half baths, as well as two kitchens. But, “it’s a flexible floor plan,” Bonnie Chajet said, noting that many rooms could easily be converted into additional bedrooms.
The Mays acquired their first unit in the San Remo — they say from the estate of the original resident — in 2002. They oversaw a gut renovation over the next two years with the help of the architect Mark Ferguson, and the interior designer Bunny Williams. A smaller adjoining unit was purchased in 2011.
The main entrance for the merged space is through a spacious gallery with two-toned, geometrically designed wood flooring and a ceiling embellished in an Art Deco-style motif with gold leaf trim. A powder room with hand-painted panels and oak walls is just off the gallery.
“We tried to echo the architecture of the San Remo,” Mr. May said. “The foyer details and cornices were inspired by the Art Deco lobby of the building.”
Off the gallery, on the apartment’s east side, is a 28-by-19-foot corner living room facing the park and anchored by a gas fireplace with a carved marble mantle.
The east wing also contains two bedrooms with en suite baths — one that is being used as an office, and the other a large, park-facing master suite with a seating area and dressing room. Through the living room is a wood-paneled library with built-in shelves, and beyond that space, a formal dining room; both also have park views.
The main kitchen is equipped with a marble center island and countertops; mahogany cabinets; a built-in bar with ice-maker; wine storage; and stainless-steel appliances, including a Wolf stove with six burners and a griddle. There’s also a washer/dryer hidden behind cabinets and a separate breakfast room. A full bath and staff bedroom are nearby.
Pocket doors in the dining room connect the east wing to what had been the second apartment on the west side. The space, which also has a separate entrance from another elevator bank, holds a study with built-ins; a sauna; a bedroom with an en-suite bath; and the second kitchen, which features St. Charles metal cabinets original to the unit. The couple used it mainly for parties and charitable functions. (They run a nonprofit family foundation, and are involved in numerous organizations, including the New York Philharmonic and the Central Park Conservancy.)
The highlight of the west wing — and Mr. May’s favorite room in the apartment — is an enormous soundproof media room, which features a drop-down screen for watching movies.
Throughout the residence are oak floors, oversize mirror-lined casement windows and ceilings measuring 9 feet 4 inches. There’s also an abundance of storage space. A number of rooms have coffered ceilings and fabric wall coverings. The couple installed a Crestron system to manage music, TV and shades.
The home is decorated with an assortment of traditional furnishings and antiques, many from England, and an abundance of art. On display are antique architectural drawings, mainly in Beaux-Arts style, along with works from a variety of artists like Milton Avery and his wife, Sally Michel Avery, Jane Freilicher and Frank Stella.
Ms. May says she will especially miss the stunning park and city views and easy access to Central Park. She and her husband walk their cockapoo, Lucy, along the pathways. And they dedicated a park bench to Ms. May’s mother after her death.
The 27-story, limestone and brick San Remo, just a couple of blocks from the American Museum of Natural History, was erected in 1930 and converted to a co-op in 1972. Over the years, it has been home to a long line of well-known residents, among them Rita Hayworth, Mary Tyler Moore, Dustin Hoffman, Demi Moore, Tiger Woods and Steve Jobs.