Bloomberg News

Goldman Sachs’s Scherr Sells Manhattan Co-Op for $5.6 Million

August 22, 2012

Goldman Sachs’s Scherr Sells Manhattan Co-Op for $5.6 Million

A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New York. Photographer: Scott Eells/Bloomberg

Stephen M. Scherr, head of financing and Latin America at Goldman Sachs Group Inc. (GS:US), sold his Fifth Avenue co-op in Manhattan for $5.6 million, almost four months after buying a home on Park Avenue.

The sale of Scherr’s fifth-floor apartment at 1148 Fifth Ave. was completed on Aug. 9 and made public yesterday, according to New York City Department of Finance records. The buyers were listed as Esther and Marcel Kremer.

The apartment is one of 59 units in a “white glove” prewar building between 95th and 96th Streets, with views of Central Park, according to property-listings website StreetEasy.com. In April, Scherr bought a seven-bedroom, full-floor co-operative apartment at 1185 Park Ave. for $12.3 million, according to public records and StreetEasy.

Scherr didn’t immediately return a telephone message left at his New York office.

Scherr, who oversees Goldman Sachs’s operations in Latin America and runs underwriting, was appointed to the firm’s management committee in January. The 30-member committee “oversees the global activities of the firm” and “is comprised of the most senior leaders of the firm,” according to the firm’s annual report.

To contact the reporter on this story: Oshrat Carmiel in New York at ocarmiel1@bloomberg.net

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


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  • GS
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    • $181.44 USD
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