The Observer reports that Richard and the wife, Kathy, are “marketing” (but not yet listing, in order to avoid bad press) their 640 Park Avenue co-op, which mostly served as a crash pad for the former Lehman Brothers CEO and his various lieutenants (the couple’s primary residence is in Greenwich). It’ll set you back $32 million, which is $11 million more than they paid for it less than two and half years ago, but that sounds like a bargain when you think of the star power that comes with, and the various nicknacks left behind by Erin Callan after LEH slumber parties, which you could probably flip on eBay and pocket some decent coin. You’ll also score: four bedrooms, a 25 foot-long dining room, five fireplaces, and the ghost of a dearly departed chocolate lab, who will haunt your dreams.
Fuld Wants $32 Million For Park Co-Op [Observer via Cityfile]
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$11 million more than he bought it for in mid 2006? nice try. dick.
Anyone catch that his 20 something daughter is dumping her $7 million pad as well, and is married to a Merrill MD (~40-50 yo?)…..
Not sure who the gold digger is here; or if there are daddy issues…..
2- link please
@2- link?
@1 its totally legit LEH is providing the financing
Dick still can’t value an asset.
@3,4
rtfa
@3/4– http://www.nytimes.com/2009/03/08/realestate/08deal3.html?_r=1
Meanwhile, their daughter Christine is moving aggressively to sell her five bedroom co-op apartment, bought a few months later. She and her husband, an executive at another troubled firm, put their newly renovated apartment on the market in January for $12.95 million. Two weeks ago, they lowered the asking price by more than $3 million, to $9.8 million — a cut of 24 percent in six weeks.
The apartment occupies the entire ninth floor at 79 East 79th Street, just off Park Avenue. According to the listing, with Kathryn Steinberg of Edward Lee Cave, the renovation converted a warren of servants’ rooms into a breakfast room and a family room. There is also a living room, a dining room, a library, an entrance gallery and four bedrooms. The listing begins with the words “Price Reduction!”
you’re an idiot, 2. The daughter is 28, her husband is 32. Nice try, though.
“Ms. Fuld, 28, and her husband, Aaron Packles, 32, a managing director in the global markets and investment banking division at Merrill Lynch, paid $9.75 million in cash for the apartment in 2007, not long after they were married. “
I like that picture of Dick. Cool. Casual.
5 fireplaces ? What is he German?
What a dick.
Michele Obama’s penis
1 Could happen. There’s a lot of scarcity value in apartments like that. Besides, $32 million is the opening volley for a listing that’s not even listed. People whisper about it, a select few will get a chance to have a look, someone will then hopefully toss out a bid.
Did cute Richie, Jr. get cropped out of that pic? In tennis shorts yet. No fair.
@13- no fucking way.
@14- squash, not tennis.
http://www.squashtalk.com/photos/usmen/USMenGroup305.jpg
16 I see. First time I ever saw a squash team posing on grass. Maybe a tourney at the Fuld’s private court then a little BBQ outside after? Nice life.
@13: 2 1/2 years ago the market was firing on all cylinders, and the apartment cost him $21 mil. Now the real estate market is -25% at least, and he wants +52%? No wonder LEH crumbled with that kind of whiz-bang market acuity.
18 Its -25% for the overbuilt cheezy condos everywhere and white boxes east of Second Avenue. Those rules don’t apply here. He may not get the entire $35, but no way its going to be $16 ($21 less 25%) either.
Her husband is an MD at the age of 32? No wonder why Merrill sucked.
@20
The guy who founded Eton Park made partner at GOldman at 28
@8 79 east 79th aint just off park ave. its on 79th street. my point is there is no reason to make the apt more then it is. Its not on Park Ave any more then you are.
The building sucks too
@20 Anyone who generates $$$ for their firm is pretty much an MD.
Our MD in muni’s is ~33 here @ Citi
ankle high socks and what are those asics? dork. he def pays for his bitches
21 Wasn’t he a prop trader though, presumably making zillions for the firm? Its practically impossible for a 28 yo Ibanker to bring in the revenue necessary to get to that lofty level.
@24- 1) he’s married, so doesn’t need to pay for bitches 2) this is a picture of him after playing squash, per the link.
ankle high socks and what are those asics? dork. he def pays for his bitches
@28/24- at least he doesn’t double post. bitches hate that.
He doesn’t pay for bitches – a guy with that money just waits for the Lewinsky type girls who are in no shortage in this industry – and if the guy happens to like men he will wait for someone like the guy who hit on the gov. of NJ. and then left for Israel when the shit hit the fan.
@25 then fuck him/her and you for reading the Times.
-22
31 Looks like someone had a very bad day….
@31- I don’t, I’m just smart enough to see the link and understand the text had been copied and pasted from there.
Have a great day!
I’ve got a “25 foot long dining room,” too. If you know what I mean.
@26
He definitely was a trader not an i-banker, I don’t if he was proprietary or not.
Never played squash in khakis, let alone cargo shorts (ahem, puffynips on the left). Of course, I never made the national team, either, but that’s neither here nor there.
36 Let me just point out that the fact you noticed his nips is very gay.
36 Next you’ll start fantasizing about caressing them gently. From there, its a slippery slope to having that sweaty squash playing beast give it to you up the tailpipe.
@33 blow your dad.
Oh and you have a great day too.
-31
@34, “dining room” roughly equals “box” referring to “vagina” ???
There once was a fatty named Elie,
Who had a tremendous black belly.
With every typo he made,
He kept getting paid,
And then bought lots of doughnuts with jelly.
There once was a homo named Lat,
Who also was terribly fat.
With every commenter he blocked,
He imagined their cocks,
And their balls on his forehead, like a hat.
- FREDERICK B. LIMERICK
(ORIGINAL LIMERICK INNOVATOR, PRIOR TO ALL COPYCATS LIKE “ABOVE THE LIMERICK” ETC.)
If Jews are so financially astute why are they having all these fucking problems? Even the “hooker fucker” knows when to keep something in his pants — his wallet………
Can’t a Dick Fold be corrected with a boner?
Jews aren’t specially “financially astute” but instead specially employed in finance: in whatever country to which the Jews received refuge, the authority permitted Jews to be employed only in finance. Evidently even today, Jews specially launder money, cook books, commit securities fraud. As the twig is bent, so grows the tree.
Dick Fuld should be crucified and so should his family !!!
Dick Fuld should be crucified and so should his family !!!