Former AIG exec buys Upper East Side co-op

Robert Willumstad and his new co-op at 114 East 72nd Street

Are things are looking up again for Robert Willumstad? The former
finance executive had a brief, but rough go of it as CEO of the
American International Group in the three months preceding its $85
billion government bailout in 2008, turning down an eight-figure
severance package upon his departure.

And more recently, in last month’s HBO premiere of “Too Big to Fail,”
the adaptation of Andrew Ross Sorkin’s financial meltdown tome, Tom Mason
portrayed his rapid rise and fall at the flailing insurance giant

before a scrutinizing audience. But nine days later, the Bay
Ridge-born Willumstad proved that, maybe, he’s still got it. According
to city records, he closed June 1 on a $2.2 million duplex co-op at
114 East 72nd Street, just off of Park Avenue.

The home, last listed for $2.295 million by Prudential Douglas
Elliman’s Marcy Stein, has two bedrooms (three if you count the maid’s
room/office, or four if you account for the fact that the master suite
is double-sized), a mahogany staircase, formal dining room and eat-in
kitchen.

This is, of course, not the only home Willumstad owns, so it’s unclear
what he intends to use it for. He and his wife Carol also own a unit
at 829 Park Avenue, a ski house in Colorado, and a home in Cutchogue,
LI. On the East 72nd Street deed, his address is listed as the Royale condo

at 188 East 64th Street.

Stein declined to comment, and Willumstad could not be reached for comment.