Next Goldman M&A Target: Brooklyn Heights?
We got an email a few days ago from a regular tipster who’s always been right in the past so we’re tempted to give him the benefit of the doubt this time around. While pointing us in the direction of a recent sale on Joralemon Street, he noted that the buyer happened to be a…
We got an email a few days ago from a regular tipster who’s always been right in the past so we’re tempted to give him the benefit of the doubt this time around. While pointing us in the direction of a recent sale on Joralemon Street, he noted that the buyer happened to be a Goldman Sachs executive. This was, he claimed, part of a trend that’s seen members of the city’s most successful investment bank crossing the East River (more than usual) in recent months to buy a piece of the rock in Brooklyn Heights. Another broker we quizzed, who has several Goldman clients looking in the neighborhood at the moment concurred, said he knew of two Goldman deals that have taken place in recent weeks. The only bank where bonuses are expected to rise significantly this season, Goldman bankers and traders are certainly in the best position to snap up those $5 million-plus houses. Think there’s anything to this “trend” or has it just always been so?
Brownstoner,
You should have a link on your main front page with “Longest Threads” linked just like you have for archived pages.
Hey, can we PLEASE get back on point here. I am an excessivley overpaid investment banker. I live in the Heights and adore the restaurants – even if we only get delivery because we hate to leave our 22,000 square foot townhouse with all of those flat screen TVs. My daughter IS Maggie Gyllenhall. My only problem is that I couldn’t get hired by Goldman Sachs, I am just a MD at some other second rate firm – what a disaster.
Problem here is that too many people believe the stereotypes they read about in the NYTimes or see on TV. They think they can spot monied people by the clothes they wear or the cars they drive. That is completely misguided. Brownstone Brooklyn provides the perfect camouflage if you really just want to lead a nice, safe, family-oriented, existance, without nearly as much of the keeping up with the Jones that comes with Manhattan or Greenwich.
From the NYT in 1982:
IF YOU’RE THINKING OF LIVING IN: BROOKLYN HEIGHTS
By DAVID BIRD
Published: November 21, 1982
LONGTIME residents, and very often new visitors, use words like stability and dignity to describe Brooklyn Heights. They also say it is convenient.
Brooklyn Heights is a 50-square-block plateau studded with well-preserved and elegant brownstone houses just across the East River from Manhattan. From many of the brownstones there are spectacular views of New York Bay and of lower Manhattan’s financial towers, where many Heights residents work.
But the Heights is more than bankers and brokers. Its pleasant brownstones have attracted a diverse population that includes such people as Norman Mailer, who lives and writes there, and Victor Gotbaum, the leader of the largest municipal union, District Council 37 of the American Federation of State, County and Municipal Employees.
It is a five-minute subway ride form Wall Street to the Heights, but workers from lower Manhattan had made the area New York’s first suburb long before the commuting was that easy.
[blah blah blah]
This post is the only interesting thing on brownstoner as of late.
it should be bumped back to the first page.
wow, 5:58… with copywriting skills like that, i’ll bet your advertising career is pretty shabby, too. by the way, the xerox is out of paper again.
6:44 – so public finance doesn’t get paid, true. But where are you? MBS, ABS or CDO? I think your bonus is close to 0. At least if you’re on this blog.
Well, 6:44, I cannot speak for the upper executives of financial companies but please consider the fact that there many very wealthy people in Brooklyn. Brooklyn is not completely off the map. It may be for certain sets of the population of course and that is why we like them to live in Greenwich (which, along with Westport, is duller than dust and horrible in its own way, truly boring, but considered “safe”).
Visiting friends in CT over the years where they live down a winding road in Ridgefield. We watched the progress of the construction of a new house which looked to be a ski lodge/chalet-like mini mall, kind of like what one sees at ski resorts and shopping in Lake Placid. It sprawled all around an ugly fake pond. It looked as though there should have been a fake water wheel turning slowly and a german style restaurant as part of the complex. Ugly, but a house. Sad. It got built, finished…maybe not as ugly once it was completed and landscaped but still ridiculous and sprawling.
There is an uglier one not far off trying to pawn itself off as a castle. Hilarious!
Of course, in Ridgefield there are also lots of high-end, columned, gabled roofed drywall mansions, some placed very near one another…
Me thinks 6:44 is right on the money.