Former Lehman exec lists Carnegie Hill mansion for $38M

Robert Millard, also past MIT board of trustees chair, paid $6M for home

New York /
May.May 14, 2021 02:45 PM
Robert Millard and 9 East 88th Street (MIT Corp, Google Maps)

Robert Millard and 9 East 88th Street (MIT Corp, Google Maps)

A former Lehman Brothers executive is calculating a big profit for his Carnegie Hill mansion.

Robert Millard listed his Beaux-Arts home for $38 million, more than six times what he paid for it 24 years ago, property records show. It’s unclear what kind of upgrades and improvements have gone into the six-story townhome.

The 14,125-square-foot mansion at 9 East 88th Street was designed by architects James Turner and Willam Killian at the turn of the 20th century. Roberta Golubock of Sotheby’s International Realty is the listing agent.

Millard, a past chairman of the Massachusetts Institute of Technology board of trustees, bought the property for $5.6 million in 1997, when he was at Lehman. He is also a member of the Council on Foreign Relations.

Now, Millard is listing the mansion for $2,690 a foot, compared to just under $400 a foot he paid. The property has eight bedrooms, eight full bathrooms and two half baths. It features a rooftop terrace that spans roughly 1,525 square feet and a conservatory on the top floor.





    Related Articles

    arrow_forward_ios
    9 Prospect Park West and 2 Northside Piers in Williamsburg (Photos via Google Maps and 2 Northside Piers/Facebook)
    A Park Slope co-op was one of the priciest deals inked last week
    A Park Slope co-op was one of the priciest deals inked last week
    42 Old Montauk Highway, Montauk
    The unsellables: Even in a hot market, these Hamptons homes don’t move
    The unsellables: Even in a hot market, these Hamptons homes don’t move
    220 Central Park South with Michael Cantanucci and 378 West End Avenue (Photos via Getty Images, Jim.henderson/Wikimedia, 378WEA)
    Discounts for Manhattan’s luxury homes have shrunk
    Discounts for Manhattan’s luxury homes have shrunk
    Gov. Andrew Cuomo (Getty/Illustration by Kevin Rebong)
    NY flooded with nearly 100K rent relief applications in two weeks
    NY flooded with nearly 100K rent relief applications in two weeks
    Los Angeles, New York and Miami metro areas are in the top 10 of owner-occupied million dollar homes. (iStock)
    These metro areas have the most — and fewest — million-dollar homes
    These metro areas have the most — and fewest — million-dollar homes
    A closer look at Compass’ trail of litigation over its business tactics
    A closer look at Compass’ trail of litigation over its business tactics
    A closer look at Compass’ trail of litigation over its business tactics
    Salesforce CEO Marc Benioff and Amazon's Jeff Bezos are backing the startup (Getty, Arrived)
    Bezos-backed Arrived Homes is latest startup to expand real estate investment
    Bezos-backed Arrived Homes is latest startup to expand real estate investment
    Orchard's Patrick McClymont and HomeLight's Sean Aggarwal (Photos via IMAX, The Org)
    Orchard, HomeLight move toward IPOs with new execs
    Orchard, HomeLight move toward IPOs with new execs
    arrow_forward_ios

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

    Loading...