John E. Zuccotti may have a park of his own downtown, made famous by the Occupy Wall Street protests that centered around the privately-owned public space, but when he and his wife Susan decided to pick up an apartment in Manhattan, they chose a more classical park to look out onto: Central Park.
The real estate titan (you don’t get a park in Lower Manhattan named after you for nothing—he’s the chairman of Brookfield Properties American division and was a partner at Olympia & York, the chairman of the Real Estate Board of New York and has served on the Planning Commission; for a brief period in the the ’70s, he was even an establishment favorite for mayor) picked up a two-bedroom on the sixth floor for nearly $2.6 million—a number that, on Fifth Avenue, suggests a striking degree of modesty.
While Daniel Shak didn’t play his cards right in recent investments, it looks like he made made a safe bet when he decided to sell his condo at 1049 Fifth Avenue.
The Vegas based cardshark and gold investor was living large with a comfortable New York pied a tierre, but last winter things went terribly wrong. Doubting his aureate investment Mr. Shak sold $850 million worth of gold contracts (which constituted a full 10% of the US gold futures market, according to The Journal) sending the entire gold market into a tailspin, and losing some $7 million in the process.
Manhattan Transfers Cheat Sheet
— Screenwriter Allan Loeb penned the soon-to-be released Michael Douglas sequel Wall Street: Money Never Sleeps, and it looks like he’s taking his own advice, spending those insomniac bucks on a luxe unit at the newly renovated 141 Fifth Avenue. The former bank building, whose copper-topped cupola penthouse lingers on the market for $12 million, Read More