Sam Bankman-Fried bought this Washington DC townhouse, which is now for sale at the exact price he paid for it
A lovely townhouse on a pretty street near the US Capitol
In April 2022, Guardians Against Pandemics, a nonprofit group partially funded by FTX founder Sam Bankman-Fried and run by his brother Gabe, purchased a ritzy townhouse near the US Capitol. They paid $3,289,000 for the location and intended to use the 3,762 square foot home as a base for the FTX crew to provide wine and food to the political elite.
As we know, things changed radically for Bankman-Fried. The founder and CEO of the cryptocurrency exchange, once named the 41st richest American in the world Forbes 400had an estimated net worth of $10.5 billion as of October 2022 before his fortune disappeared.
Now the Washington DC townhouse is for sale for exactly the same amount that Bankman-Fried paid for it less than a year ago.
The four-story brick home is located at 420 3rd Street NE on a 1,888 square foot lot. It has four bedrooms, four full baths and one half bath and sports underground parking for one car. The interior features four gas fireplaces, hardwood floors, ten foot ceilings and an elevator that serves the entire home.
The kitchen is a delight for every cook
The large kitchen is a pleasure for the passionate amateur cook. Recently updated, it features quartz counters, a large and functional kitchen island, and top-of-the-line appliances including a Wolf stovetop, Subzero refrigerator, and Bosch dishwasher. And the area includes the space homeowners crave today: a walk-in pantry. And for cozy meals with the family, the kitchen offers a large, light-flooded breakfast nook with benches.
The room flows seamlessly from the kitchen into the large, open living room. The dining room is separated from the living room by a fireplace and a guest toilet. The dining room is elegant with impressive built-in shelves and display cabinets. The showstopper at this level is every wine lover’s dream: a custom temperature-controlled wine cooler that’s both functional and beautiful.
The downstairs master bedroom offers comfort and convenience with an ensuite bathroom that includes a soaking tub, double walk-in closets, a personal washer and dryer, and one of the home’s gas fireplaces.
One of the bedrooms has a delightful book tower
The other three bedrooms also have attached private baths and unique features such as high ceilings, library shelving and ample closet space. They are on the fourth floor for more privacy. Completing the fourth floor is a large laundry room with an ElectroLux washing machine and dryer and a storage room.
Two inviting terraces act as an extension of the house, big enough for patio furniture and large-scale socializing. Located on a pleasant street, the home is within walking distance of Capitol Hill, Union Station (for an easy commute), and some of the Capitol’s most popular shopping and dining destinations.
The house built in 2017 didn’t work out for Sam Bankman-Fried. But for a family with a less volatile life, this is a truly charming and desirable building in a great neighborhood.
