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Lifestyles of the Rich and Richer

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Jamie Dimon is the CEO of JPMorgan Chase, hence we imagine he possesses just a tad bit of investment savvy. So there has to be a reason that he shelled out $2 million for a ground-floor unit at 1185 Park Avenue?the same building where he and his wife already own a pretty sizable apartment on the 16th floor. Though the units were previously used as doctors' offices, it's also legal to live there. All the better to spy on Park Avenue traffic? Or maybe, if the whole financial system eventually goes bust, Plan B is to open a bodega for all the Hunter students across the street? [Intelligencer via TRD]

1185 Park Avenue

1185 Park Avenue, New York, NY 10128