Thursday, April 28, 2016

"Financier John Gutfreund’s Sprawling Fifth Avenue Co-Op Asks $120 Million"

From the Wall Street Journal's Private Properties:

The duplex of the former Salomon Brothers CEO includes a roughly 1,600-square-foot master suite, three staff rooms and a walk-in safe for storing silver
The sprawling 834 Fifth Avenue co-op that for decades was home to former Salomon Brothers chief John Gutfreund is listing for $120 million.
The sprawling Fifth Avenue co-op that for decades was home to former Salomon Brothers chief John Gutfreund is listing for $120 million.
A 38-year veteran at Salomon, Mr. Gutfreund was CEO of the firm during the 1991 Treasury-note auction scandal, and was pressured to resign. He died in March at age 86.

Measuring around 12,000 square feet, the 20-room duplex is one of the largest apartments on Fifth Avenue, according to John Burger of Brown Harris Stevens, one of the listing agents. The apartment has been owned since the 1980s by Mr. Gutfreund and his wife Susan, Mr. Burger said.

Located on the seventh and eighth floors of the co-op 834 Fifth Avenue, the apartment has three bedrooms in addition to a roughly 1,600-square-foot master suite with a dressing room and sitting room, Mr. Burger said. An entrance gallery has ceilings about 24-feet high and a grand marble staircase. The gallery opens into a roughly 50-foot-long living room with two fireplaces and numerous windows overlooking Central Park. Off the dining room, which also has park views, there is a large butler’s pantry with a felt-lined, walk-in steel safe for storing silver, Mr. Burger said.

The lower level of the apartment has three staff rooms and a servants’ hall, but the asking price also includes another staff room—originally for the chauffeur—on the second floor, Mr. Burger said. The apartment also comes with a wine cellar and storage space in the basement....MORE