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"

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
Park Slope Townhouses Top Brooklyn Luxury Contracts (Corcoran, Compass)
Park Slope townhouses top Brooklyn’s luxury contracts
Park Slope townhouses top Brooklyn’s luxury contracts
From left: 200 Amsterdam, Extell's Gary Barnett with Central Park Tower and 130 William Street 
These buildings were the best-selling new developments of 2021
These buildings were the best-selling new developments of 2021
41 Central Park West and Stephen Burke (Harperly Hall, Getty)
NBCUniversal chairman Stephen Burke lists co-op for $19M — again
NBCUniversal chairman Stephen Burke lists co-op for $19M — again
1 Central Park West and Andrew Napolitano with Donald Trump (Trump Org, Getty, iStock)
Judge Andrew Napolitano ditches Trump condo after Fox News ouster
Judge Andrew Napolitano ditches Trump condo after Fox News ouster
Alex Rodriguez - businessman, philanthropist and former professional baseball player - in front of the Beresford (Getty Images, Wikipedia/David Shankbone, Illustration by Steven Dilakian for The Real Deal)
A-Rod’s $10M co-op deal approved after “tantrum”
A-Rod’s $10M co-op deal approved after “tantrum”
arrow_forward_ios

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

Loading...