BAM man nabs Brooklyn penthouse

Alan Fishman and his q Pierrepont Street apartment
Alan Fishman and his q Pierrepont Street apartment

One Pierrepont Street in Brooklyn Heights is music to BAM chairman Alan Fishman’s ears. The onetime Washington Mutual CEO paid $7.4 million for a penthouse in the building, just a 20 minute walk from work.

The five-bedroom, four-bathroom co-op features a dining room, a library, herringbone floors, a 25-foot-wide living room with a wood-burning fireplace and “space for a grand piano and multiple seating areas,” according to the listing.

Before he took over the Brooklyn Academy of Music, Fishman was known for being in the wrong place at the wrong time: namely acting as Washington Mutual’s CEO during the financial crisis. Fishman was Washington Mutual’s CEO for just 17 days until the bank’s assets were seized in the largest bank failure in US history, according to the New York Post.

Nevertheless, Fishman earned an astonishing $19 million for three weeks of work in 2008, as he watched the bank’s stock price crash from $45 a share to pennies.

Hopefully he has better luck with real estate. [NYP]