Former Lehman Brothers Chairman and CEO Richard "Dick" Fuld has quietly placed his 6,200-square-foot, full-floor apartment on Park Avenue on Manhattan's Upper East Side on the market for around $32,000,000, according to the New York Observer.
The Observer's Max Abelson broke the story on Tuesday of Fuld's listing of the 16-room apartment, just a little over two years after Fuld and his wife paid $21 million to purchase it.
Features in the Fulds' co-op, which is at 640 Park Avenue, include a 25-foot-long dining room, a 40-foot-long living room, a library, and five fireplaces -- including in two bedrooms, the Observer reported. Abelson also noted that the Manhattan real-estate broker community has been waiting for the Fulds to list the co-op since September 2008. "Everybody knows it, everybody's just waiting for it to come on," one anonymous broker told Abelson. "It's not brain surgery."
The Fulds reportedly have been renovating the unit. They purchased it from the estate of publishing heiress Evelyn Annenberg Jaffe Hall, who had died in 2005 at age 93.
No word yet on what the Fulds plan to do with their other real estate, if anything, which -- according to news accounts and public records -- includes:
--An estate in Greenwich, Conn., which Fuld purchased in 1992 for $7.3 million and which is Fuld's primary residence
--A vacation home on 3.3 acres on Florida's Jupiter Island, which Fuld and his wife purchased for nearly $14 million in 2004 and which Fuld transferred to his wife for $100 in November 2008
--A ski house in Vermont
--A house in Sun Valley, Idaho