A 10-acre estate in Westchester County, New York, owned by former New York Stock Exchange boss John Thain, is so large it stretches across three different towns and has five separate street addresses. The property at 350 Purchase St. sits across the borders of the City of Rye, the Village of Rye Brook, and the Town of Harrison. Public records show the main house is 13,172 square feet, sitting on a lot of about 438,000 square feet. Built in 1910, it’s one of the few private homes in the area split across three separate local governments, according to local news outlet Rye-Harrison News. Thain and his wife, Carmen, bought the estate in 1995 for $3.7 million. A November 2007 report by the New York Post described the full scale of the 14-bedroom mansion. Property records show Thain has been listed at the address since at least 2006, and federal election filings have regularly listed a Rye address for him.
At that time, the property had two swimming pools, a clay tennis court, several beehives, and a private stream running through the backyard that fed into a lake stocked with fish.
He spent more than 20 years at Goldman Sachs, eventually becoming president and co-chief operating officer. In 2004, he became CEO of the New York Stock Exchange, leading the organization until 2007. He then became chairman and CEO of Merrill Lynch just as the 2008 financial crisis began. he negotiated the firm’s $50 billion sale to Bank of America, a deal announced on Sept While there. 15, 2008, during the height of the banking crisis. His time at Merrill Lynch ended suddenly in early 2009 after public backlash over bonus payments made to executives right before the merger was finalized. After leaving Wall Street, commercial lender CIT Group named Thain chairman and CEO in February 2010, according to National Public Radio (NPR). He led the company through its recovery from bankruptcy before retiring from CIT Group in March 2016.
Before buying the Westchester estate, Thain built a long career at the top levels of American finance.