In 2007 Warren Spector, former Co-President of Bear Stearns, bought a 16,560 square foot townhouse, which also included an extra 5,000 square feet of space outdoors, on West 10th Street. The house is reportedly 55 feet wide and six stories tall. It cost him $34.5 million a decade ago. Now, that same house is back on the market with an asking price of $59 million, after some improvements.
Mr. Spector bought the house with his wife Margaret Whitton, an actress who passed away at the end of 2016. Renovations which he made to the house prior to attempting to sell it again include a installing a garden, a library which covers two floors, and much more. To quote an article in the Wall Street Journal, entertainment was also a goal of the couple in how they designed their house.
“There is also a music room with a piano, where Mr. Spector said he and his wife hosted frequent concerts as well as fundraisers for a variety of different charities and nonprofits, including the Public Theater, where he was previously chairman. He said they also hosted screenings in the roughly 26-foot-wide home theater on the third floor.”
With his wife passing away, however, it appears that Mr. Spector is looking to move on with his life. He will reportedly donate all earnings from the sale of the house to charity.
Included within the Greenwich Village townhouse is a total of eight bedrooms and an elevator to allow residents to move among the several floors.
Residents may enjoy wood-burning fireplaces, a kitchen capable of providing meals made by a high-end chef, a full-floor master suite (that has its own balcony along with a “luxurious en-suite master bath…lined in blue onyx” according to the listing.) There is also a roof deck that has an enclosed greenhouse…and apparently much more in this luxurious home.
Warren Spector worked at Bear Stearns until the subprime-lending housing and financial crisis in 2008. The firm was reportedly doing so poorly financially back then that it agreed to be sold eventually to J.P. Morgan Chase for only $2 a share. Since then, Mr. Spector has co-founded a film production company called Tashtego Films and is also chairman of private-equity firm Balbec Capital.
By: Anat Ghelber