Overview

• On July 9, the building’s shareholder-run co-op board vetoed Livvy Dunne’s application for the Upper West Side apartment at 345 W. 88th St without offering any reason.
• Dunne had lined up a $1.59 million all-cash offer and even hired an interior designer in anticipation of closing.
• The seventh-floor residence features three bedrooms and 2.5 bathrooms in a prewar co-op where Babe Ruth lived with his family from 1920 to 1940.
• New York City co-op boards hold discretionary power to approve or reject buyers, giving existing shareholders control over new residents.
• After the denial, the historic property remains listed for sale and open to other prospective buyers.