Bloomberg News

Corzine Penthouse Asking $2.9 Million, 11% Less Than He Paid

February 01, 2012

(Adds description of unit in fourth paragraph.)

Jan. 31 (Bloomberg) -- A Hoboken, New Jersey, penthouse belonging to Jon Corzine, the former chairman of bankrupt MF Global Holdings Ltd., is on the market with a $2.9 million asking price, 11 percent less than Corzine paid in 2008.

MF Global, a New York-based futures broker, filed for bankruptcy on Oct. 31 with almost $40 billion in debt after making bets on European sovereign debt and getting margin calls. Corzine, a former governor of New Jersey and co-chairman of Goldman Sachs Group Inc., testified before Congress in December about MF Global’s failure.

The two-bedroom penthouse is 2,400 square feet (223 square meters) “with no expense spared,” according to the listing. It has floor-to-ceiling windows with a view of the Hudson River and the Manhattan skyline, Viking kitchen appliances and a Jacuzzi spa in the master bathroom. The owner also gets one indoor parking space. The apartment has a $1,700 monthly maintenance fee and $38,003 of property taxes, according to the listing.

“This immaculate home is elegant and sophisticated,” according to the listing. “The living room, dining room, media room with built-in entertainment system, and adjacent bar serving area make for an entertainer’s dream.”

Corzine bought the apartment in November 2008 for $3.26 million, according to property records. It’s in the Maxwell Place project, developed by Toll Brothers Inc., on a 24-acre waterfront site formerly owned by the Maxwell House Coffee Co.

Corzine’s spokesman, Steven Goldberg, declined to comment on the listing. The listing agent, Jessica O’Connor-Williams with Halliburton Homes Real Estate Services, didn’t respond to a telephone message and e-mail seeking comment.

--With assistance from Oshrat Carmiel in New York. Editors: Andreea Papuc, Tomoko Yamazaki

To contact the reporter on this story: John Gittelsohn in Los Angeles at johngitt@bloomberg.net

To contact the editor responsible for this story: Daniel Taub at dtaub@bloomberg.net


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