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Goldman Sachs' Executive Buys Turkish Tobacco Baron's Mansion

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Morris Schinasi.
The Schinasi Mansion at 351 Riverside Drive the 12,000-square-foot palace William Tuthill designed for a Turkish tobacco baron back in 1909 sold recently for a much-discounted $14M. Now public records have revealed the buyer to be Mark Schwartz, a vice chairman at Goldman Sachs. Schwartz will have to do a significant amount of work on the property, which the prior owners didn't do much with after purchasing it for $325K in 1979.
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