The Real Deal New York

Sotheby’s in, Corcoran out at Steve Cohen’s One Beacon Court

Hedge fund mogul slashes price from $110M to $82M; gets Boardman on board

December 12, 2014 12:15PM

From left: The duplex at One Beacon Court, Steve Cohen and Serena Boardman

From left: The duplex at One Beacon Court (Cohen’s avatar h/t Curbed), Steve Cohen and Serena Boardman

Embattled hedge fund billionaire Steven Cohen is slashing the price of his One Beacon Court penthouse to $82 million from $110 million — and he’s bringing in Sotheby’s International Realty’s Serena Boardman to sell the ostentatious pad.

The SAC Capital Advisors founder bought the 9,000-square foot, four-bedroom apartment in 2005 for $24 million. He tapped the Corcoran Group’s Deborah Grubman and David Dubin to sell the pad last April for $110 million. But now, with a new price tag — first spotted by Curbed — Cohen has decided to give Sotheby’s Boardman a shot.

The duplex boasts a chef’s kitchen media room and a master suite with an office, sitting room and two baths.

After an insider-trader scandal saw multiple SAC executives go behind bars, Cohen has renamed the firm Point72 Asset Management, in an effort to convince federal prosecutors that the firm has turned over a new leaf, according to the newspaper. [NYDN] and [Curbed]— Claire Moses 

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