Once-“King of Wall Street” John Gutfreund’s 20-room co-op lists for $120M

Late Salomon Brothers boss was featured in Michael Lewis' "Liar's Poker"

TRD New York /
Apr.April 26, 2016 03:08 PM

The sprawling Fifth Avenue co-op owned for decades by recently-deceased, one-time Wall Street titan John Gutfreund is hitting the market, at a price fit for a “Master of the Universe.” 

The financier’s widow, Susan Gutfreund, is selling their 12,000-square-foot, 20-room duplex apartment at 834 Fifth Avenue on Central Park East, asking $120 million, the Wall Street Journal reported.

The apartment features a 1,600-square-foot master bedroom – larger than some suburban homes – along with three other bedrooms, a 50-foot-long living room with two fireplaces, a grand marble staircase and butler’s pantry with a walk-in steel safe for storing silverware.

One of the most sought-after addresses in the city, 834 Fifth Avenue doesn’t allow financing for co-op purchases.

Brown Harris Stevens’s John Burger is one of the listing agents, according to the Journal.

Gutfreund was head of Wall Street investment firm Salomon Brothers throughout the 1980s. He took the firm public at the beginning of his tenure, one of the first of many Wall Street investment houses to follow that route.

In 1991, he was forced to resign in the face of a major bond scandal at the bank.

He was featured prominently – and unflatteringly – in author Michael Lewis’ debut book, “Liar’s Poker,” published in 1989.

“Your fucking book destroyed my career,” Lewis reported Gutfruend telling him later on, “and it made yours.” [WSJ]Ariel Stulberg


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Steve Roth and 220 Central Park South (Getty)

Vornado’s 220 CPS sees $100M deal at staggering $12,000 a foot

Vornado’s 220 CPS sees $100M deal at staggering $12,000 a foot
Jeffrey Epstein and his two properties to recently hit market, 9 East 71st Street in New York and 358 El Brillo Way in West Palm Beach (Getty, Google Maps, StreetEasy and Corcoran Group) 

Brokers vied for Epstein listings. Can they sell them?

Brokers vied for Epstein listings. Can they sell them?
Renters paying high prices for luxury New York City apartments are stilling paying high prices even though building amenities are closed over Covid fears (iStock)

Luxury renters stuck paying for amenities closed by Covid

Luxury renters stuck paying for amenities closed by Covid
(iStock)

Manhattan home sales experience record decline

Manhattan home sales experience record decline
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...