Bloomberg News

Goldman Sachs’s Egol Buys Manhattan Apartment for $3.72 Million

June 20, 2011

June 20 (Bloomberg) -- Jonathan Egol, a Goldman Sachs Group Inc. managing director, bought an eight-room condominium with views of Manhattan’s Central Park for $3.72 million.

The deal for the four-bedroom apartment at 40 East 94th Street was completed on June 2, according to New York City property records, which show Egol and his wife, Zina, took out a $1.1 million mortgage to buy the property.

Egol ran a desk at New York-based Goldman Sachs that created, sold and traded complex investments such as the Abacus collateralized debt obligations, or CDOs, that allowed the company and its clients to bet that mortgages would drop in value. Goldman Sachs paid $550 million last year to settle a U.S. Securities and Exchange Commission lawsuit that accused the firm of misleading investors in one of the Abacus CDOs. Egol hasn’t been charged with any wrongdoing.

Egol didn’t return two phone messages and an e-mail seeking comment on June 17. Michael DuVally, a Goldman Sachs spokesman, declined to comment today and said Egol couldn’t be reached.

The “sun-filled” condo in Manhattan’s Carnegie Hill neighborhood “features magnificent panoramic open city views,” according to StreetEasy.com, a property-listings website. The property was initially listed for sale by Brown Harris Stevens for $4.25 million in October. The price was cut twice since then, dropping to $3.65 million in February, according to StreetEasy.

--With assistance from Christine Harper in New York. Editors: Christine Maurus, Kara Wetzel

To contact the reporter: Ashwin Seshagiri in New York at aseshagiri@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net.


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