The Real Deal New York

Schinasi Mansion buyer revealed: Goldman’s Mark Schwartz

September 05, 2013 06:57PM
By Katherine Clarke

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Mark Schwartz and the Riverside mansion

Mark Schwartz and the Riverside mansion

Goldman Sachs honcho Mark Schwartz, one of just four vice chairmen at the global investment bank, has been revealed as the buyer of Manhattan’s last freestanding single-family mansion, the Schinasi House at 351 Riverside Drive, thanks to public records filed with the city today.

Shwartz and his wife, Lisa, have been based in Beijing since June 2012, since Goldman appointed him chairman of the bank’s Asia-Pacific region, the highest-level executive ever posted to China. But they clearly made time to consummate the $14 million deal for the property, which closed Aug. 8. The deal was previously reported by the Wall Street Journal, which did not identify the buyer.

Previously, Columbia University professor Hans Smit called the mansion his own, and had chopped the asking price several times since he first listed the home in 2007 for $30 million.

Tod Mercy of the Corcoran Group was the most recent listing agent for the property. He declined to comment on the deal.

The 12-bedroom, 11-bath mansion is surrounded by private gardens on a corner lot off 107th Street and faces the river.

Schwartz returned to Goldman last year after departing the firm in 2001 to become an advisor to Hungarian-American business magnate George Soros. He is one of the founding partners of green energy investment firm MissionPoint Capital Partners.

He and his wife also own a 35-acre Bedford Hills, N.Y., estate named Rainbeau Ridge, on which they rear goats and make cheese for restaurants and local farmers’ markets. While the estate has historically been open to the public, it closed this year after the Schwartzs flew off to Beijing.

  • http://www.wallstreetboy.com/ Lawrence Lugar

    “had chopped the asking price several times since he first listed the home in 2007 for $30 million.”

    Took 6 years to sell your home,and chopped the asking price by 50%….that’s why real estate is a horrible investment. it’s not liquid. pain in the butt to manage it, vs putting your money in the market.

    That house looks nice in those photos…but I used Google Streetview to view the surroundings…looks average/ugly.
    –Lawrence Lugar

    • Siouxlouie

      Do you know what Professor Smit paid for the property? I would guess he did reasonably well on it (although not as well as he had hoped for).

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