The Real Deal New York

Former hedge fund manager lists West Village pad for $18M

Christopher Pia paid $8.5M for the federal-style West Village townhouse in 2012

October 10, 2016 12:30PM

85 Perry Street in the West Village

85 Perry Street in the West Village

If all goes according to plan, Christopher Pia is going to have a lot more of his own money to manage. The former hedge funder has listed his West Village townhouse for $17.9 million, or $3,900 a square foot.

Pia, who now manages his own wealth after managing portfolios at Moore Capital Management, bought the property at 85 Perry Street in 2012 for $8.5 million, according to property records. Pia and his wife Mary then spent $5 million renovating the townhouse, the Wall Street Journal reported.

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The four bedroom home, which spans 4,500 square feet, is one of 13 houses with access to Bleecker Gardens, a private landscaped space with a fountain. Matthew Pravda and Christopher Riccio of Leslie J. Garfield & Company TRData LogoTINY have the listing.

Pia says he purchased the Perry Street pad for “well under market value” in 2012, according to the Journal. He described the townhouse’s laundry room as “probably the biggest in Manhattan.”

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The Pias will now begin searching for another property — either a townhouse or large condo — in the Village or Tribeca. The family owns a home on the North Fork of Long Island, along with Breeze Hill Farm, an apple orchard, hunting preserve and event venue.

In 2011, Pia paid a $1 million fine to settle regulatory allegations that he tried to manipulate prices of commodities during his time at Moore Capital Management. He did not admit to any wrongdoing in the settlement. [WSJ]Miriam Hall

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