Former Lehman Bros. exec spends $5.25M

Kurt A. Locher and Anne Stark bought a condo at 500 W. End Ave. on the Upper West Side from WSC West End Avenue Owners, LLC, for $5.25 million on Sept. 26.

Unit #5C is one of 111 units in the 13-story, pre-war building at 500 W. End Ave., which was converted to condominiums in 2001.

Locher is currently the chief financial officer at One William Street Capital Management, L.P., a New York-based hedge fund trader of mortgage bonds and asset-backed securities.

He is a former managing director and head of mortgage banking at Lehman Bro. He graduated from the Massachusetts Institute of Technology.

There have been 1,702 sales on the Upper West Side in 2008, with a median price of $840,000.

Address: 500 West End Avenue, Unit: 5c
Buyer(s): Locher, Kurt A, Stark and Anne
Seller(s): Wsc West End Avenue Owners LLC
Sale date: Sep. 26, 2008

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