THE WALL STREET JOURNAL. Friday, September 13, 2019 |M3
MANSION
a co-operative that was
built in the early 1930s
and designed by Rosario
Candela.
The apartment had been
on the market since April
2016 and went through
several price cuts. It was
most recently listed for
$59 million, according to
StreetEasy.
Mr. Gutfreund presided
over Salomon during the
1991 Treasury-note auction
scandal. He died in 2016.
He and his wife Susan Gut-
freund had owned the
apartment since the 1980s,
The Wall Street Journal re-
ported when the listing
came on the market.
The listing agents were
Serena Boardman of So-
theby’s International Realty
as well as A. Laurance Kai-
ser IV and Craig Dix, both
of Berkshire Hathaway
HomeServices New York
Properties, according to
StreetEasy. Ms. Boardman
also represented the buyer.PRIVATE PROPERTIES
Billionaire Buys
On Fifth Avenue
Stanley Druckenmiller buys the co-op of ex-Salomon Brothers
CEO John Gutfreund for a fraction of its original priceOn the seventh and eighth floors of 834 Fifth Avenue, the
apartment has over 20 rooms with views of Central Park and
the Empire State Building; Stanley Druckenmiller, left.CARY HOROWITZ/BROWN HARRIS STEVENS (4); SCOTT OLSON/GETTY IMAGES (DRUCKENMILLER)
A sprawling Fifth Avenue
co-op that for decades was
home to former Salomon
Brothers chief executive
John Gutfreund has sold for
$53 million, a fraction of its
original $120 million asking
price, records show.
The buyer is billionaire
trader Stanley Drucken-
miller, a former investment
strategist for George Soros
who now invests throughBYKATHERINECLARKE his own family office, ac-
cording to a person fa-
miliar with the deal.
Mr. Drucken-
miller didn’t re-
spond to re-
quests for
comment.
The roughly
12,000-square-
foot duplex has
more than 20
rooms, with views of
Central Park and the Empire
State Building. It has a dra-matic entrance gallery with
24-foot ceilings, a grand
marble staircase, a
corner sitting
room, a dining
room, seven
bedrooms and
a 50-foot long
living room
with two fire-
places, according
to the listing.
The property spans
the seventh and eighth
floors of 834 Fifth Avenue,$53
MILLION
12,000 sq. ft.,
50-foot long living
room with two
fireplacesSelling WITHOUT RESERVE!
Luxury Real Estate Deserves
A Luxury Auction®
PlatinumLuxuryAuctions.com |800.262.5132MN property offered by Edina Realty (Lic#9975), an affiliate of Berkshire Hathaway HomeServices. Listing agents Gary Wahman
(Lic#40422236) and Susan Wahman (Lic#20418269). © 2019 Edina Realty, a Berkshire Hathaway affiliate and a wholly-ownedsubsidiary of HomeServices of America, Inc. All rights reserved. NJ property listed and offered for sale by Callaway Henderson Sotheby's
International Realty (Lic#1220471). Listing Agents Judson Henderson (Lic#9231366) and Jane Henderson Kenyon (Lic#8033952). CO
property listed and offered for sale by Legacy Properties West Sotheby’s International Realty (EC#100042511). Listing agent John ZacharyMorse (IA#100022681). Sotheby’s International Realty, the Sotheby’s International Realty logoand affiliate logos are registered (or
unregistered) service marks used with permission. Neither Sotheby’s, Sotheby’s International Realty Affiliates LLC, nor any of their affiliatedcompanies is providing any product or service in connection with this event other than as required by applicable law. Platinum Luxury
Auctions LLC is a registered Foreign LLC with the states of MN (File#1090727900029), NJ (ID#0450234983), CO (ID#20181067187)
performing auction-marketing services as part of these transactions, and is not performing any real estate brokerage services whereprohibited. Bid calling performed by state- licensed Auctioneers.Edina, MN
Hopewell Township, NJ
Durango, CO
SEPT 21OCT 10OCT 12PREVIOUSLY$6.2m
PREVIOUSLY$4.8m
PREVIOUSLY$11.75m
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