Lawyerly Lairs: An M&A Maven's Magnificent Manse
Biglaw offers big rewards. Check out this M&A partner's townhouse, now on the market for $7.25 million.
Here it is (click to enlarge):
As you can see, the Marzulli house spans five levels. It has five bedrooms, three full bathrooms and one half-bathroom, and almost 3,700 square feet of interior living space (plus the terraces and backyard).
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Yes, working in Biglaw offers big rewards. But it also pays to invest wisely, even when you’re still an associate. Note that the Marzullis bought this house in 1989, just one year after John Marzulli made partner at Shearman in 1988. And also note, according to the WSJ piece, that he and two classmates had previously brought a different brownstone together in 1981 — just three years after Marzulli graduated from NYU Law School in 1978. That townhouse probably also turned out to be an excellent investment.
Of course, law school tuition was a heck of a lot lower back in 1978. It’s unlikely that third- or fourth-year associates are buying Manhattan townhouses these days, unless they have family money; they’re too busy paying back their student loans.
John and Penny Marzulli have made a beautiful home for themselves and their children here in Manhattan. May the new owner put as much thought and care into the townhouse as the Marzullis did.
A Home, and a Hobby, in Chelsea [Wall Street Journal]
323 West 19th Street [Core Group]
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