The Real Deal New York

Billionaire Bill Ackman aims to flip $90M One57 penthouse

Hedge-funder said he and friends bought 13,500 sf duplex last year for "fun"

October 28, 2014 01:25PM

ackman

One57 in Midtown and Bill Ackman

Billionaire hedge-funder Bill Ackman of Pershing Square Capital is looking to flip the One57 penthouse condominium he and a group of investors acquired last year for roughly $90 million.

Such a turnover could render it the priciest attempted flip of a condo unit ever, according to New York Times. Ackman said he acquired the 13,500-square-foot duplex with his friends for “fun.”

The apartment on the 75th and 76th floors features a two-story-high, 51-foot-wide glass enclosed “winter garden” with a curved glass roof, as previously reported. Extell Development recently reeled in $79 million for a pair of One57 units, as The Real Deal reported. [NYT]Mark Maurer

  • brokerwithabrain

    Yeah, the 421A was completely necessary for this BS artist and his spec flip.

  • Koseh Nanat

    Ackman said he acquired the 13,500-square-foot duplex with his friends for “fun”, that’s called being a “chospolo”

  • Kir Tokoon

    Ackman and Hakim like to have a lot of fun together….if ya know what i mean

  • realityisreal

    Disgusting
    People are starving and not for fun

  • NYC Penthouses

    Projecting he will ask $175 million for it ..here’s the math on that http://www.nycpenthouses.com/bill-ackman-billionaire-hedge-fund-ceo-to-flip-90m-one-57-penthouse-175m

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