Corzine’s Penthouse $2.9 Million Listing Marks 11% Below Purchase Price
By John Gittelsohn - Jan 31, 2012 12:01 AM ET .
A Hoboken, New Jersey penthouse belonging to Jon Corzine, the former chairman of bankrupt MF Global Holdings Ltd (MFGLQ)., 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. (GS), has been summoned to testify to Congress on Feb. 2 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 property taxes of $38,003, according to the listing.
Corzine bought the apartment in November 2008 for $3.26 million, according to property records, in the project developed by Toll Brothers Inc. (TOL) 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 immediately respond to a phone message and e-mail seeking comment.
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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