New York City's Most Expensive Home Listing Is A Fifth Avenue Penthouse

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Life is good as a Wall Street titan in New York City.

That's basically the only conclusion you can come to from a listing on the Big Apple's Fifth Avenue, where a penthouse just became the metropolis' most expensive home with an asking price of just over C$150 million, according to Business Insider.

834 Fifth Avenue was once home to John Gutfreund, the late former CEO of investment bank Salomon Brothers, according to The Wall Street Journal.

fifth avenue condo

Gutfreund worked at Salomon Brothers for 38 years before the firm became ensnared in a scandal involving one of its traders submitting false bids for treasury bonds. That led to a $290 million fine from the U.S. Securities and Exchange Commission in 1991.

Gutfreund resigned that year. But oh, how he lived.

Built in 1931, his former home has 20 rooms on two floors. There are 12.5-foot ceilings, hardwood floors and "outstanding Central Park views."

suncor oilsands

The first level takes you into a library and dining room that face Central Park. Then a staircase takes you to a living room and yet ANOTHER library with "17th century leather walls."

The master bedroom has a bedroom that was marbled in the 1930s, as well as an adjacent sitting room and fireplace.

A fine place for a fallen CEO to contemplate his losses.

fifth avenue

The apartment is situated on one of the world's most expensive streets. U.K.-based real estate firm Knight Frank estimated the average price per square metre on Fifth Avenue at $38,390.16 in 2013.

The street has been home to prominent people such as fashion designer Vera Wang and entrepreneur David Koch.

So there's an opportunity to live among the elite — if you can afford it.

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