(LOS ANGELES) A Hoboken, New Jersey, penthouse belonging to Jon Corzine, the former chairman of bankrupt MF Global Holdings Ltd, is on the market with a US$2.9 million asking price, 11 per cent less than what Mr Corzine paid in 2008.
MF Global, a New York-based futures broker, filed for bankruptcy on Oct 31 with almost US$40 billion in debt after making bets on European sovereign debt and getting margin calls. Mr 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 ‘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 US$1,700 monthly maintenance fee and US$38,003 of property taxes. ‘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.’
Mr Corzine bought the apartment in November 2008 for US$3.26 million, according to property records. It’s in the Maxwell Place project, developed by Toll Brothers Inc. – Bloomberg
Source: Business Times 2 Feb 2012