In Wall Street parlance, J. Michael Evans is long Manhattan real estate and looking to reduce his exposure.
Earlier this summer, Mr. Evans, a Goldman Sachs vice chairman, paid $27 million for a Fifth Avenue apartment. Yet he still owned his current home, a 5,000-square-foot penthouse duplex just off Central Park West.
But this week, according to people familiar with his plans, Mr. Evans will list his Upper West Side condominium for $26 million. He has also put up for sale another apartment that he owns in the building - the Park Laurel at 15 West 63rd Street - for $2.75 million.
Douglas Elliman has the listing. Sabrina Saltiel, the broker at Elliman handling the sale, declined to comment.
Mr. Evans has owned the apartment since 2003, buying it for $10.3 million from Bradford Weston, who at the time also worked at Goldman.
The Park Laurel, which was completed in 2000, is just around the corner from 15 Central Park West, the ultraluxury buildin g that Mr. Evans's boss, Lloyd C. Blankfein, calls home. Mr. Evans is on the short list of candidates who may replace Mr. Blankfein as Goldman's next chief executive.
Mr. Evans's Upper West Side apartment has served, for the most part, as a pied a terre while Mr. Evans was based in Hong Kong from 2004 to 2010 as the head of Goldman's Asian operations. He returned to New York to take on additional responsibilities, including co-chairing a newly formed Business Standards Committee.
The renowned architectural firm Gwathmey Siegel designed the apartment, which is featured on the firm's Web site. The head of the firm, Charles Gwathmey, who died in 2009, designed homes and apartments for David Geffen, Steven Spielberg and Jerry Seinfeld.
Gwathmey Siegel's Web site notes that Mr. Evans's apartment is “One of the primary design strategies is the relationship between the dining and library spaces around the double height living room, compositionally integrating t he staircase, cantilevered piano off of the balcony, the art wall wine display, the glass and gunmetal wall and railings. In addition, the moving bookcase between the library and study, allows natural light to the powder room while providing desired privacy to the study.â€
Oh, and then there's this: “From the master steam shower one can see through the electromagnetic glass, across the apartment to Central Park.â€
The sleek, modernist, monochromatic pad seems more well-suited for a bachelor than it does for a family of 10. Mr. Evans and his wife, Lise Evans, have eight children (each has three from a previous marriage, and they have a pair together).
DealBook hears that his new 8,360-square-foot apartment at 995 Fifth Avenue is more family friendly. Located in the old Stanhope Hotel, which was recently converted into residences, the spread has seven bedrooms, nine-and-a-half baths, and a 42 foot-by-19 foot “great room†overlooking Central Park, acco rding to the floor plan posted on the Web site Curbed. Mr. Evans and his brood plan to move there sometime this fall.
