Jamie Dimon, CEO of JPMorgan Chase

From the October issue: Wall Street is a place, but it’s also a state of mind. And that’s true now more than ever, as the headquarters of New York’s most powerful banks are no longer clustered on one particular Financial District thoroughfare.
Likewise, the homes belonging to the bosses of Wall Street’s biggest firms aren’t concentrated in any one place either. While there’s still some historic bias toward Uptown over Downtown, not every Wall Street titan gravitates toward the most exclusive white-glove co-ops. In addition, the success that these high-finance wizards have had with their NYC residential real estate investments is also all over the map.
What follows is The Real Deal’s rundown of who, where, and how they’ve done. First up is Jamie Dimon, CEO of JPMorgan Chase, whose address is 1185 Park Avenue. Click here for more. [more]

From the September issue: In the last few weeks, as many of the city’s big banks have been besieged by bad news, and the stock market has seesawed sharply in a short span of time, the question on many analysts’ minds is: Could a new round of pain on Wall Street trickle down to New York’s already vulnerable commercial and residential real estate markets?

Indeed, the thinking goes, the financial services industry and its numerous offices keep commercial occupancy rates high in Manhattan, while its well-paid executives buoy the high-end residential market. Meanwhile, its lower-rung workers drive demand for rental units, sources say. Wall Street has served as an economic engine of the city for decades,
ever since major manufacturing and energy companies — like Mobil, Exxon
and chemical company Union Carbide — abandoned their New York
corporate headquarters in the 1970s and 1980s for other (cheaper)
addresses. [more]
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The pool at 15 Central Park West

From the July issue: One of the selling points emphasized by brokers at the Edge condominium in Williamsburg is the major weekend scene at the pool, with lots of sunbathing, picnicking and socializing. At 20 Pine’s pool in the Financial District, neighbors regularly practice yoga and host parties.

But there will be no pool parties at 15 Central Park West this summer. Even as the weather heats up, the atmosphere at the über-exclusive condominium remains subdued, residents say, and the pool area is often deserted.

The Robert A.M. Stern-designed building has become the condominium of choice for hotshot celebrities like Denzel Washington and Sting, and finance bigwigs such as Goldman Sachs CEO Lloyd Blankfein and Citigroup Chairman Emeritus Sanford Weill. [more]

David Tepper and a view of the Sagaponack mansion he plans to demolishThis season’s hottest Hamptons real estate trend? Multi-million-dollar teardowns. According to the Post, some of New York’s most deep-pocketed buyers are planning demolitions of some of the East End’s priciest mansions. One such buyer is hedge fund manager David Tepper, who last May picked up a $43.5 million Sagaponack estate from Joanne Dougherty, the ex-wife of former New Jersey Gov. Jon Corzine, in the Hamptons’ priciest sale of 2010. He’s rented out the home for the summer to billionaire Henry Silverman for $900,000, after which he plans to raze it. David Walentas is also giving his East End mansion one last hurrah before leveling the property. [more]

Goldman Sachs’ short position on mortgage-related assets that helped them profit during the financial crisis, was not a hedge against other, long positions, but rather the firm’s stance on the market, according to a Senate Investigations report cited by CNBC. At the time, Goldman CEO Lloyd Blankfein wrote that “the short position wasn’t a bet. It was a hedge; ie, the avoidance of a bet,” but by June 2007 Goldman Sachs had no mortgage position to hedge, according to testimony presented to the Senate investigations committee. The $13.9 billion short position on mortgages, therefore, was not a hedge, but rather the firm’s market position, and in keeping with that position the mortgage desk’s value at risk was nearly $113 million — far beyond the typical $35 million limit. [more]

Company invested millions in the Fulton Street housing and retail development

From left: Geoff Flournoy, Lloyd Blankfein, Meredith Marshall and a rendering of the Bradford

Goldman Sachs Chairman Lloyd Blankfein joined BRP Development and a host of city and local officials to break ground on the Bradford, a $45 million housing and retail development in Bedford Stuyvesant that was financed using a combination of governme [more]

15 Central Park West

Pharmaceutical executive Richard Ullman moved into his 18th floor duplex apartment at 15 Central Park West today, a source familiar with the move told The Real Deal. Ullman bought the spacious 5,870-square-foot unit in March 2008 for $23.9 million, but the Observer reported eight months later that it was being quietly marketed for $75 million. Ullman is in good company. A few years ago, Sandy Weill, the ex-CEO of Citigroup, purchased a penthouse in the Robert A.M. Stern-designed condo, while Lloyd Blankfein and his wife Laura purchased a 16th floor duplex. In January this year Ullman sold his apartment next door at Trump Plaza at 1 Central Park West for $16 million, city records show. Ullman reportedly sold his company National Prescription Administrators in 2002 for $500 million. TRD

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15 Central Park West

Pharmaceutical executive Richard Ullman moved into his 18th floor duplex apartment at 15 Central Park West today, a source familiar with the move told The Real Deal. Ullman bought the spacious 5,870-square-foot unit in March 2008 for $23.9 million, but the Observer reported eight months later that it was being quietly marketed for $75 million. Ullman is in good company. A few years ago, Sandy Weill, the ex-CEO of Citigroup, purchased a penthouse in the Robert A.M. Stern-designed condo, while Lloyd Blankfein and his wife Laura purchased a 16th floor duplex. In January this year Ullman sold his apartment next door at Trump Plaza at 1 Central Park West for $16 million, city records show. Ullman reportedly sold his company National Prescription Administrators in 2002 for $500 million. TRD

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Lloyd Blankfein and 941 Park Avenue

Goldman Sachs boss Lloyd Blankfein has accepted an offer on his prewar duplex at 941 Park Avenue, most recently listed at $13.5 million, according to the Post. The five-bedroom, seven-bathroom spread has a wood-burning fireplace, library and a monthly maintenance charge of $11,327. Blankfein doesn’t live there — he’s been a 15 Central Park West resident since 2008, when he bought two units for a combined $26 million in cash. Royce Pinkwater of Sotheby’s International Realty has the listing for the Park Avenue pad. [Post]

Brian Roberts, the Philadelphia-based Comcast CEO who struck a deal in December to take over NBC Universal from the General Electric Company, is in contract on a New York City pied-a-terre at 15 Central Park West, broker sources told the Wall Street Journal. Roberts had been eyeing two-bedroom units in the building with Central Park views that ranged in price from $7 million to $12.9 million, but it was unclear which one he ultimately settled upon. [more]