What's really weird to me about Galleon . . .

(my original post should say lives, not lived - the article says he lives on Sutton Place) . . . maybe he duplexed or triplexed but I can't find any other records of ownership to support it, and with a billion or so to play with it just seems odd to me, being so wanna be nouveau riche and all . . .

wow, that's REALLY weird....

Not bing an insider, I'm not able to view your link, but Sutton Place? You betcha; I love the area! You'd perhaps have him live downtown or on 5th or Park but to each his own. You got a billion dollars, you can live anywhere you please.

Perhaps that is why he has a billion dollars. It looks like pretty good value at 1.67million. Wonder if it will be available again soon.

His place got sold for $1.675M in Dec last year, a very ordinary 3 bed 3 bath, unlike where a billionaire would live (I've seen a lot of nicer 3 bed 3 baths in Sutton Place). At first I thought maybe he has multiple properties, but the address is exactly the address of the apartment that got sold.

drdrd - what wc_nyc is saying is sold TO him last year for $1.675mn - I agree that there are stunning apartments on Sutton Place - no doubt - but this isn't one of the. apt23 as far as this being why . . . I'm gonna go with yeah, right. Just doesn't make sense to me.

oops, sorry got mixed up...yes, he bought the place last year.

drdrd, check out this floorplan. apt23, i think he overpaid, that plan just sucks.

http://www.streeteasy.com/nyc/sale/192636-coop-60-sutton-place-south-sutton-place-new-york

Thanx, AR. Eeeeekk! That's just yucko! I don't care for those buildings &, in fact, that is a complaint I have about Sutton Place, that there is so much modern over there. I want pre-war. You see those pictures & all of those windows across the way & it's obviously a combo & they can be challenging to do well. I always think of a dear friend & quote, 'There's no accounting for people's taste.'

AR: it does look awful and you couldn't pay me to live at sutton place. but it does look like it is just over 1600 sq. ft so he paid about $1000 psf in 2008. Back to OP's point -- give me a billion dollars and you can all come over to my stunning CPW aerie overlooking the tree tops at the reservoir. But I know a few very wealthy people who are just down right penurious. Look at Warren Buffet's digs. This guy seems to fit that same category. Probably never spent a dime-- or a rupee-- in his life -- just took it from others and pocketed it.

apt23, i'm pretty cheap. but $1000 psf should have gotten you, even then, something usable. if you can't use it, it's almost worthless. might as well pay $1200 psf for a decent 1400 sf plan. and he really doesn't seem to fit in the Buffet category.

not so weird, I myself am a billonaire many times over and enjoy the solice of my 300sq/ft studio.
The question is how far do you need your walls to be apart?
The cleaning lady only charges $25.
We became billionaires by being careful with our money or, in this case insider trading. The key here is knowing you have a weight problem. For me I always feel hugh in my space which keeps the late night eating under control. It's all about knowing yourself and not trying to impress SE posters.

hey guys, it's sutton place SOUTH - very different buildings than sutton place.

1 Sutton Place SOUTH is a glorious building & this is directly north, across East 53rd Street from River House, another stellar residential building, but this building has never impressed me; nor for that matter, any of the myriad newer buildings there. To each his own -

"***** 1 ****** Sutton Place SOUTH is a ....."

Hmmmmmmmmmmmmmm, what's a little funny about using this as an example?

30 yrs, what are you saying?

Well I'll go on record as saying that I'd be happy to live at 1 Sutton Place South IF I could afford it and IF I could get past the board - so don't bother forwarding my mail THERE.

http://virtualglobetrotting.com/map/raj-rajaratnams-house/view/?service=1

"30 yrs, what are you saying?"

I used to have people call and say they wanted the Prime Village but they would consider the "East Village" as well, up to University Place.

He, like 99% of other hedge fund managers and market making traders, is a fuck'n cheating, stealing thief that depended inside information, connections and collusion to make money in the markets. I hope the public comes to the realization that the VAST majority of Wall Street works off of inside information and/or manipulation of regulations (read: Goldman Sachs). (And 100% of Wall Street used to make their money this way pre-1990's collusion reform.)

Do you think they are taking company management out to dinner to talk about what was written in today's WSJ?

Raj and the VAST, VAST, VAST majority of "big-time" Wall Street belong in jail - or better off shot in the face - for ripping off the individual investor and damaging the integrity of our financial markets.