Friday, 9 October 2015
Last updated 36 min ago
Dec 18 2012 | 10:38am ET
A New York hedge fund selling the world's most expensive office space has had to cut the asking price by 20%—but that still hasn't knocked it off of its perch.
Zimmer Lucas Capital bought the Beaux Arts townhouse on West 54th Street in 2005 for $13 million; a year later, the hedge fund moved in. But Zimmer Lucas put the five-story mansion, formerly the home of Lehman Brothers co-founder Philip Lehman, on the market in May, seeking $65 million.
But, according to Curbed, you can now have the 1899 landmark, known as the Lehman Art House, for just $49.9 million. That still adds up to more than $3,000 per square foot—almost twice the current Manhattan record for office space.
Your money would get you 16,600 square feet "meticulously restored with the expertise of the Metropolitan Museum of Art"—where Lehman's art collection ended up—but with trading rooms, offices and a new glass penthouse just across the street from the Museum of Modern Art.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…