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.
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it → own → 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.
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property → sit → Harrison
Public records show the main house is 13,172 square feet, sitting on a lot of about 438,000 square feet.
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house → show → 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.
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it → build → News
Thain and his wife, Carmen, bought the estate in 1995 for $3.7 million.
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Thain → buy → million
A November 2007 report by the New York Post described the full scale of the 14-bedroom mansion.
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report → describe → mansion
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.
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that → have → fish
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.
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filings → show → him
Local impact and taxes
Owning a property that crosses town lines creates some unusual paperwork.
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that → own → paperwork
By 2007, tax records cited by the New York Post showed Thain was paying more than $150,000 a year combined to the Town of Harrison and the City of Rye.
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Thain → cite → Rye
The sheer size of the estate has drawn comments from neighbors over the years.
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size → draw → years
In a 2007 interview with the New York Post, one neighbor described just how big the grounds are.
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grounds → describe → Post
I have seen him riding around the perimeter...
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him → see → perimeter
it probably takes him 20 minutes to get from the front gate to the back," the neighbor told the outlet.
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neighbor → take → outlet
The property came back into local attention on Sept. 19, when community website MyRye.com featured Thain in a profile series about notable local residents.
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property → come → residents
Before buying the Westchester estate, Thain built a long career at the top levels of American finance.
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Thain → buy → finance
He spent more than 20 years at Goldman Sachs, eventually becoming president and co-chief operating officer.
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He → spend → Sachs
In 2004, he became CEO of the New York Stock Exchange, leading the organization until 2007.
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he → become → 2007
He then became chairman and CEO of Merrill Lynch just as the 2008 financial crisis began.
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crisis → become → Lynch
While there, he negotiated the firm's $50 billion sale to Bank of America, a deal announced on Sept. 15, 2008, during the height of the banking crisis.
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he → negotiate → 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.
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merger → end → executives
After leaving Wall Street, commercial lender CIT Group named Thain chairman and CEO in February 2010, according to National Public Radio (NPR).
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Group → leave → Radio
He led the company through its recovery from bankruptcy before retiring from CIT Group in March 2016.
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He → lead → March
Recent board roles and community work
Beyond his corporate career, Thain has stayed active in company boards and local conservation work.
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Thain → stay → boards
He joined Uber's board of directors in September 2017, during the company's move toward going public.
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He → join → move
Thain and his wife also serve on the Board of Managers at the New York Botanical Garden.
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Thain → serve → Garden
As major donors, they helped fund the restoration of the garden's 50-acre old-growth forest in the Bronx, which was later named after the family.
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which → fund → family
Despite his business roles in Manhattan and on boards across the country, the Purchase Street estate remains Thain's main home, spread firmly across three different Westchester communities.
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estate → remain → communities
The Aporia
