The $120 million penthouse once owned by the 'King of Wall Street' just became New York City's most expensive home
An enormous and opulent Upper East Side duplex once owned by the late "King of Wall Street" John Gutfreund (who died earlier this year), has just listed for $120 million, making it the most expensive listing in New York City, according to Curbed NY.
Gutfreund made a name for himself as CEO of Salomon Brothers, becoming an icon of Wall Street in the 1980s. He took Salomon from a private partnership to a public corporation, and in 1985 Businessweek named him the "King of Wall Street" - a title which he later told The New York Times that he hated.
John Burger of Brown Harris Stevens has the listing, along with Richard Ziegelasch and Key-Ventures' A. Laurance Kaiser IV and Craig Dix.
The apartment's $120 million price tag beats out the previous most expensive in the city, a co-op apartment in the historic Sherry-Netherland Hotel asking $86 million.