I'd usually save a piece like this for the Sunday Real Estate Round-Up but I'm a bit fascinated by New York real estate greed this week. The
New York Observer's Manhattan Transfers column reports that Kurt A. Locher, formerly a Lehman Brothers managing director and the head of its mortgage banking, isn't trading down in these tough times, he's trading up to a more expensive apartment. He recently bought a $5.25 million apartment at 500 West End Avenue. The five-bedroom apartment includes a formal dining room, a maid's room, a living room, a library, and a windowed, eat-in chef's kitchen. It makes Mr. Locher's old place on Park Avenue and
listed with Prudential Douglas Elliman, is on the market for $2.495 million look small by comparison.
Reader Comments (Page 1 of 1)
MD Oct 9th 2008 2:34PM
Any news on what Franklin Raines or Jim Johnson of Fannie/Freddie bought after raiding those companies/taxpayers of hundreds of millions???
LEHMAN BROTHERS TOLD EVERYONE FOR THERE MONEY . Oct 12th 2008 7:20PM
THIS HOUSE SHOULD BE FROZED UP .......WHERE YOU CAN SELLING IT TO OTHER PEOPLE .....GOVERNMENT SHOULD FREEZE UP ANY "CEO'S OF LEHMAN BROTHERS........FREEZE UP THERE ASSEST ..........THEY DON'T DESERVE ANYTHING ..............