Long-time head of the New York Stock Exchange Dick Grasso has sold his home in Old Brookville, New York, for $2.7 million, Mansion Global has learned.
The seven-bedroom brick home was on the market for about a year and took a $500,000 price cut before finding a buyer, according to listing records. No need to feel too bad for the former stock market chairman—he left the organization in 2003 with a controversial $140 million in deferred compensation that became the focus of a five-year legal battle that was ultimately dismissed.
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His longtime Colonial-style home sits on nearly five acres of land on the coveted North Shore of Long Island.
A long, gated driveway leads to the front of the house built in 1968, according to the listing with Louise Brooks.
The buyer was represented by Jason Friedman of The Friedman Real Estate Team. He declined to disclose who the buyer was, but called the lot a "great house and terrific property."
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Intricate moulding decorates the interior of the home, which has eight bathrooms, a study and a large kitchen that opens out into a sun-drenched family room, images of the property show. The grounds are carefully manicured with trellises and a stone wall. The property also has a pool and a patio with an outdoor fireplace.
Mr. Grasso, 70, who served as the NYSE’s chairman and chief executive from 1995 to 2003, bought the home in 1995 for $2.2 million, according to property records.
Mr. Grasso owns a much more lavish estate further east in the posh Hamptons town of Sagaponack. He tried to sell the 7,000-square-foot house on nearly nine acres in 2015 for $45 million. It’s no longer on the market.
Mr. Grasso could not immediately be reached for comment.