The Real Deal New York

Bill Ackman-led group closes on $92M One57 pad

Hedge fund billionaire entered contract on "winter garden" penthouse in 2012

April 09, 2015 05:27PM
By Claire Moses

Bill Ackman One57 Gary Barnett

From left: Bill Ackman, One57 (Credit: Evan Joseph/Extell Development) and Gary Barnett

A group of investors led by billionaire hedge fund manager Bill Ackman closed on unit 75 at Extell Development’s One57 for $91.5 million, making it the city’s second most expensive closed apartment sale ever, according to property records filed with the city Thursday.

The 13,554-square-foot unit includes six bedrooms, six bathrooms and two half bathrooms and is located on the 75th and 76th floors. The apartment also features a two-story high, 51-foot-wide glass enclosed “winter garden.”

The glassy ultra-luxury condominium is now home to the two priciest closed condominium sales in the city’s history. A $100.5 million unit was sold at the building earlier this year, marking the first apartment in the city to top the $100 million mark.

Ackman, of Pershing Square Capital, also owns a stake in the Howard Hughes Corp. He has also talked about potentially flipping the One57 pad.

In a prior interview, Ackman said he bought the unit with his friends “for fun.”

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