It's been a spectacular fall for former Lehman Brothers head honcho Dick Fuld, and unfortunately for him, the fallen don't usually get to keep their 16-room Park Avenue co-ops once they've come back down to Earth. The Observer's Max Abelson reports that Fuld, who was dropped without severance from the bankrupt institution in November, is quietly having a broker shop around his full-floor spread at 640 Park Avenue for $32 million?$11 million more than he paid for the 6,200-square-foot palace in January 2007, and not including the estimated $10 million (holy crap!) in renovations the place still needs. "Quietly" means there's no listing for the property, but the listing from before Fuld bought the place is still active on the Stribling website. Don't you just love how the floorplan charmingly refers to bedrooms as "chambers" and staff rooms as for, uh, "servants." OK, maybe forget about that last part.
· Lehman Brothers' Fuld Wants $32 M. for Park Co-op [NYO]
· Listing: 640 Park Avenue [Stribling]
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