HOUSE OF THE DAY: An Investment Bank Founder Sold His 6-Story Townhouse To The United Arab Emirates For $27 Million
According to the Wall Street Journal, The Permanent Mission of the UAE to the United Nations bought a six-story townhouse for $27.25 million, but declined to say what they would use it for.
The country purchased it from Eric J. Gleacher, founder of Gleacher & Company, a Manhattan boutique investment bank, who originally posted it with Corcoran for $30 million in 2013.
Gleacher founded Lehman Brothers' Merger and Acquisitions department in the 1970s, and then headed up global M&A at Morgan Stanley from 1985 to 1990 before founding his own shop.
The brownstone features seven bedrooms, five bathrooms, two half baths, a chef's kitchen, a formal dining room, a parlor, four working fireplaces, and many outdoor spaces including a roof deck.