This week seems to be Cardozo Law School week here at Above the Law. Yesterday we wrote about Jeremy Weg, a studious rising 2L who posed a question to The Ethicist. Today we bring you the story of Catherine Haldy Jarman, a 2010 Cardozo Law graduate who just bought a fabulous piece of real estate: the Manhattan condo formerly owned by television pundit Alan Colmes, ex-sidekick of Sean Hannity on Hannity & Colmes. The sale price: a cool $1.725 million (marked down from an original $1.99 million).
The triplex penthouse loft boasts two bedrooms, two bathrooms, and over 1,500 square feet of (gut-renovated) living space. It includes one of the most coveted commodities in Manhattan real estate: outdoor space, in the form of a private roof deck, accessed through a solarium. Fourteen-foot ceilings, a wood-burning fireplace — this is not a typical apartment for a law student, which Catherine Jarman was a few short weeks ago.
How could Jarman afford such an expensive place? And what other celebrities — Alan Colmes is admittedly C-list — have lived in the building?
Catherine Jarman married well. She bought the apartment along with her husband, James Franklin Jarman, who works at — wait for it — Goldman Sachs. If you hear about someone buying a pricey Manhattan pad at an absurdly young age, there’s a decent chance the person currently works or used to work at Goldman. See, e.g., Mr. Chelsea Clinton, Marc Mezvinsky (who bought a $4 million apartment in 2008, at age 30; he used to work at Goldman and now works at a hedge fund).
If it makes you feel better, the Jarmans didn’t pay cash (which would have been truly nauseating). New York City public records show a mortgage of just under $1.3 million. Of course, it’s quite possible that they could have paid cash — but when you have a Goldman Sachs income, you need all the tax deductions you can get.
The apartment is located in the high-profile Silk Building, in the heart of the desirable NoHo neighborhood (not far from the Above the Law offices in Nolita). In addition to Alan Colmes and his wife, Jocelyn Crowley, former residents of the building include Britney Spears, Keith Richards, Russell Simmons, and — most fabulous of all — Cher!!!
Should you go to law school? There are arguments in favor, and there are arguments against. But when you’re married to a hunky Goldman guy, you can go wherever you darn well please. The prospect of crushing educational debt is not something you need to worry your pretty little head about.
Check out the slideshow below for a closer look at the premises. That gourmet eat-in kitchen, replete with stainless-steel appliances, is way too good for the instant ramen noodles favored by law students (and overworked young lawyers).
Congratulations to the Jarmans on their beautiful new home!
Silky Colmes No Longer: Liberal Pundit Punching Bag Sells for $1.725 M [New York Observer]
Fox News’ Colmes sells Silk Building pad [The Real Deal]
The Perfect Union [Nashville Nfocus]
Real Estate Sold [Curbed]