UK investment banker buys oceanfront Manalapan home
Michael Lublinsky recently was hired at Barclays
Just a couple of months after landing a new job at the UK investment bank Barclays, Michael Lublinsky bought a new waterfront home in Manalapan.
Property records show Lublinsky paid $5.5 million for a recently built 7,240-square-foot house at 1245 Lands End Road. The trade breaks down to about $760 per square foot.
The seller is a company led by Howard Werner. Records show Werner bought the 15,250-square-foot property in 2014 for $1.94 million. The five-bedroom, six-bathroom home was built in 2016, records show.
Lublinsky formerly headed the Jersey-based hedge fund Brevan Howard. He started his new position at Barclays in November and will oversee the bank’s macro trading in UK, according to published reports. Before Brevan Howard, Lublinsky headed Royal Bank of Scotland’s global trading department.
His new home hit the market for about $6.5 million with the Fite Group’s Jack Elkins in 2014, according to Realtor.com. After more than three years on and off the market with a series of asking prices, the home sold at a 15 percent discount off its original asking price.
Steven Presson with The Corcoran Group had the most recent listing, according to online marketing material. Michelle Cutler of Miami Beach-based Concierge Real Estate Service brought the buyer.
In December, hedge fund manager William Powers paid $13.5 million for an oceanfront lot about eight miles north of Lublinsky’s new home. Nearby, a vacant oceanfront property at 1460 South Ocean Boulevard sold last year for $12.45 million, or about $210 per square foot, to a company managed by Nigerian business executive Onajite Okoloko.