Goldman's chair buys $14m mansion

For Sale Sign

Mark Schwartz, chairman of Goldman Sachs' Asia-Pacific operations, bought a rare free-standing mansion on Manhattan’s Upper West Side for $14m.

Bloomberg News reports that the deal for the 12,000-square-foot (1,115-square-meter) home on Riverside Drive closed Aug. 8, according to records made public yesterday by New York City’s Department of Finance.

The four-storyhouse at the corner of 107th Street is the last fully detached single-family mansion in Manhattan, according to the property listing by Tod Mercy of the Corcoran Group brokerage.

It was built in 1909 by William Tuthill, the designer of Carnegie Hall, and was commissioned by Morris Schinasi, a Turkish tobacco baron.

Schwartz left New York-based Goldman Sachs in 2001, returning in June 2012. In the interim, he served as chief executive officer of Soros Fund Management and later chairman of MissionPoint Capital Partners, according to his biography on the bank’s website.

The seller of the mansion was the estates of Hans and Beverly Smit. Hans Smit was an emeritus professor at Columbia Law School who died in January 2012 at the age of 84, according to the university’s website.

Hit the link below to access the complete Bloomberg article:

Goldman’s Schwartz Buys Manhattan Mansion for $14 Million

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