Fund manager pays $25M for Fuld co-op
August 20, 2009 04:54PM By Adam Pincus
Former Lehman Brothers CEO Dick Fuld, 640 Park Avenue
Former Lehman Brothers CEO Dick Fuld sold his 16-room cooperative apartment at 640 Park Avenue at 66th Street for $25.87 million, making a profit of almost $5 million since he bought it a little more than two years ago. Fuld and his wife Kathleen had asked for $32 million when it was first being quietly marketed, according to reports in May. They bought the unit in January 2007 for $21 million, property records show. The buyer was identified as Glenn Fuhrman, who is a co-managing partner and co-founder of Manhattan-based investment fund MSD Capital. The sale closed August 14, according to property records posted today. Kathryn Steinberg, senior vice president and managing director at Brown Harris Stevens, represented the Fulds.
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments
Anonymous
reminds me of Guilliani....!
Comment #1 Posted By: Anonymous 08/20/09
Anonymous
Fuld was lucky, and I hope he has to spend his profit on legal fees to stay out of prison, where he belongs.
Comment #2 Posted By: Anonymous 08/20/09
Anonymous
Mrs. Fuld, please go brown bag shopping at Hermes again, shameless!
Comment #3 Posted By: Anonymous 08/20/09
Anonymous
NO ACTUALLY HE LOOKS BROKEN. AS ANYONE IN HIS POSITION WOULD LOOK.
Comment #4 Posted By: Anonymous 08/21/09
Anonymous
He ought to share with all of his former employees who lost a lot of money (stocks).
Comment #5 Posted By: Anonymous 08/21/09
shamus
He's condemned to the seventh circle of hell, but here on earth he reigns supreme... he ruined the lives of untold thousands, but expect no contrition from him... living well is the best revenge Dick... Enjoy it while you can..
Comment #6 Posted By: shamus 08/21/09
Anonymous
Dick! You will be mist!
Comment #7 Posted By: Anonymous 08/22/09
Anonymous
Having hurt so many people, you should be cursed in your next lodging which should be hell
Comment #8 Posted By: Anonymous 08/22/09
Anonymous
His incompetence and arrogance lead to Lehman's downfall. I am also sure that Hank Paulsen settled a personal score with the most dislikeable Fuld. Shame on all of you! The working people in this country suffered because of you. Marie Antoinette's faith should be yours!
Comment #9 Posted By: Anonymous 08/22/09
Anonymous
Why don't you tell us how you really feel?
Comment #10 Posted By: Anonymous 08/22/09
Anonymous
...well, professional restraint is important, hence the tamed expression of opinions and feelings. In truth, Fuld and his greedy co-horts deserve a more draconian outcry of public opinion. Lifes have changed, and not for the better, among thousends and thousends of individuals and families. Generations will be affected due to their failures. That realization should come to a reasonable, compassionate person but will escape Fuld et all altogether.
Comment #11 Posted By: Anonymous 08/23/09