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Late Financier’s Fifth Ave. Pad Relisted for $96M— A $24M Discount

The co-op duplex overlooking Central Park has 20 rooms

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A 20-room unit in the prestigious co-op building at 834 Fifth Ave. is back on the market for $96 million.

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A 20-room unit in the prestigious co-op building at 834 Fifth Ave. is back on the market for $96 million.
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A much-coveted Manhattan co-op residence, which was owned for decades by the late John Gutfreund, former CEO of Salomon Brothers, came back onto the market Tuesday, asking $96 million.

The same brokerage, Key-Ventures, listed the property for $120 million in April 2016, making it one of Manhattan’s most expensive homes.

The new listing represents a $24 million, or 20% discount from the original asking price, but remains the same as the last listing price in September 2016, listing records showed. The listing was temporarily taken down earlier this month.

More:Click to Read about New York Luxury Real Estate

Spanning the seventh and eighth floors at 834 Fifth Ave. and encompassing 20 rooms with a total of 12,000 square feet, the duplex is "one of the largest unit in Fifth Avenue’s premier and most pedigreed building," according to the listing.

The entrance at the lower floor features a gallery with 24-foot ceilings. A marble staircase leads to the upper level. Sprawling sitting and dining rooms have Central Park views, including two fireplaces.

There are five bedrooms, nine bathrooms and two powder rooms. The master suite itself has 1,600 square feet.

Also included in the sale are an outside chauffeur's room, two storage cages and a room-sized wine cellar, per the listing.

Gutfreund has been recognized for starting a trend to take Wall Street investment firms public, and was given the nickname "King of Wall Street" by BusinessWeek in 1985.

He passed away in March 2016. His widow, Susan Gutfreund, is selling the home. She and the listing agents at Key-Ventures didn’t immediately respond a request for comment.