When Sandy Weill sold his penthouse at 15 Central Park West for $88 million — the most expensive home in city history for more than twice what he had previously paid — it made headlines around the world. But now, The News’ Matt Chaban has learned, Weill is quietly trying for an even bigger flip, selling his former maids quarters in the platinum-plated building for six times what he paid. Unit 6H, facing out on busy Broadway, came on the market for $6.25 million in the middle of January, but Weill cut the price to $5.65 million two weeks later. That’s still a lot more coin than the $980,000 he paid for the 1,079-square-foot unit in October 2007. It’s also twice what an identical unit two floors up sold for last May. [NYDN via BI]
Remember when Sandy Weill decided to sell all his belongings? Included in the fire sale was a 200-foot yacht called April Fool, which the former Citigroup CEO was trying to unload for $69.5 million, before slashing the price at least a couple times. Read more »
About a month ago, retired Citi CEO Sandy Weill set his alarm an hour early, got out of bed when it was still dark, ate a piece of rye toast, told Joan he’d see her when he’d see her, took the elevator downstairs to wait for the car that drove him out to Englewood Cliffs, and went on CNBC to proffer a small suggestion to Wall Street: break up the big banks. Perhaps you heard about it? Not many people were receptive to the notion of Weill giving them advice on the matter, which may or may not have had something to do with the fact that in his day, Weill couldn’t get enough of big banks and was the man responsible for cobbling together the behemoth known as Citigroup, an institution so huge it can barely support its own weight. The response by most, in fact, was “Shut it, you old bag.” But what about Vikram Pandit, the lucky guy who inherited the place? What did he think of Weill’s tip? After giving it some good thought– really and truly considering it– for a few weeks, he’s decided to take a pass:
Citigroup’s chief executive has knocked back the idea of big banks being split up after calls from people such as his predecessor Sandy Weill.
But not for the reasons you might think! Pandit actually agrees with Sando because if you think about it, Citi’s already been broken up and is basically the bank it was before the merger that resulted in the need for firefighters to use a giant pulley system to lift it out of bed every morning and help it get around. Read more »
“Even so, it’s hard to take Weill seriously. First this is a man with an ego the size of the bank he created. People who know him say he needs media attention like an alcoholic needs a stiff drink, and he’s gotten precious little of it since retiring from the banking business six years ago.” [HuffPo, earlier]
For reasons that are not yet entirely clear, Sandy Weill is selling all his worldly possessions. (He claims he and the wife are “downsizing a little bit” but this smacks more of someone having a feng shui attack.) Earlier this month it was Sando’s 15 Central Park West penthouse, which was bought for $88 million as a gift for a 22 year-old fertilizer heiress, today it’s his yacht. For those in the market: Read more »
In the market for a 6,744-square-foot penthouse with views of Central Park and the opportunity to run into Lloyd, Loeb or Sting in the elevator? Sandy Weill’s got something you might be interested in. It’s his 15CPW apartment and the Journal reports it could be yours for $88 million, merely double what Weill paid for it in 2007. What’s in it for you? In addition to a 2,077-square-foot terrace, 12 and a half foot high ceilings, plus the knowledge that Sandy “held parties for scores of guests in his 33-foot-wide living room, with the concert pianist Lang Lang performing,” you’d be making Sando, whose heart still hurts over everything that went down at Citi, look good. How so? Sandy and Joan, who’ve decided to kick it old school by downsizing to a smaller apartment in the same building (“He said he wanted it known that he was remaining true to his roots in Bensonhurst, Brooklyn, and wasn’t abandoning New York City”), won’t be keeping the money.
Sanford I. Weill, the former chairman and chief executive of Citigroup Inc., has put one of the most celebrated postwar penthouses in Manhattan on the market for $88 million, saying that at a difficult period in the country’s history, it is “a pretty good time” for wealthy Americans “to be quiet.” He said he intends to donate to charity the proceeds from the sale.
And, if you happen to be one of the jerks who abandoned the guy in recent years, there’s a bonus component for laying down the cash- you get to live, having bought your way off Joan Weill’s To Kill list. Read more »