jack grubman

Jack Grubman's Mansion, Estate of the Day

Filed under: Estates

There are only six pictures of this New York City townhouse but they are a very evocative six pictures. This is the home of Jack and LuAnn Grubman. He's the former lead telecom research analyst for Citigroup's Salomon Smith Barney and as the New York Observer's Manhattan Transfers column puts it, "a star in its telecom investment banking." Grubman ended up banned from the industry amid a scandal involving shady dealings and had to pay a $15 million fine. He may be counting himself lucky now that he got out in 2001-2002 and isn't a Wall Street player today.

It seems that the he managed to squirrel away plenty of money (he did after all have a $30 million severance package). Grubman's home is a neo-Federal mansion built in 1883. The home is a five-story mansion located steps from Fifth Avenue and the Metropolitan Museum. It has been completely renovated and includes a marble entrance hall, iron and bronze adorned staircase, 13' high ceilings in the living and dining rooms with full-height oak paneling and period plaster moldings, an elevator, and an eat-in chef's kitchen that has a dumb-waiter to the butler's pantry off the dining room. There are two planted terraces as well as an ivy-covered south-facing garden. It is listed at $32 million.

Gallery: Grubman's Mansion