Sleep Where Sandy Weill Hath Slept

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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 Journalreports 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.

Though she hasn't said anything official yet, we're going to go out on a limb and assume that if you happened to be one of the people Mrs. Weill was referring to when she mentioned this to the Times last year:

“The most important thing to my husband was his reputation, ” says Mrs. Weill, who still feels angry at the portrayal of him in the press. “There are a few people I want to kill, but I am not going to name names.”

...that shelling out the money will force her to at least consider sparing you. Sounds like a win/win.

Related

Sleep Where Dan Loeb Hath Slept

The Third Point founder is reportedly looking for a buyer for his 10,674-square-foot penthouse at 15 Central Park West. If that sounds like something you'd be interested in, people hear that Loeb "wants $100 million," which would represent a 122.22% return (DL and his wife bought the place for $45 million in 2008). While perhaps a tad pricey, consider that back in November, Sandy Weill was able to get $88 million for his 15CPW apartment, a relative dump at 6,744-square-feet.* As for the Loebs, they are apparently "in search of something larger," if you've got any leads. It seems pretty obvious that a fellow hedge fund manager with a 20,000 square foot UES mansion** and a liquidity problem might want to get in touch but we'll let him come to that in his own time. Apartment Hunting For The Superrich [NYT] *Weill told prospective buyers that he'd be donating the money to charity but maybe they would've done this for him anyway. **Selling points: Indoor pool, bar and lounge with a closet.