The Real Deal New York

Steven Cohen’s $115M penthouse hits the market

Corcoran’s Deborah Grubman and David Dubin have the listing

April 10, 2013 01:15PM

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One Beacon Court Penthouse

One Beacon Court Penthouse

Hedge fund founder Steven Cohen has formally listed his One Beacon Court duplex penthouse for $115 million, with Deborah Grubman and David Dubin of the Corcoran Group. 

The four-bedroom, five-bathroom penthouse is 9,000 square feet, setting the asking price at $12,777 per square foot, the listing says. The home is now the second most expensive on the market in New York City.

The apartment includes 24-foot ceilings, Venetian plaster walls and maple floors. Among its other amenities are a chef’s kitchen, media room and a master suite with an office, sitting room and two baths.

“Whether it’s worth that amount remains to be seen,” Paula Del Nunzio of Brown Harris Stevens told the New York Observer, which first spotted the listing. “Everyone says it can’t be done — until it is.”

Cohen, who runs SAC Capital Advisors, recently paid $60 million for an East Hampton mansion on Further Lane, while his firm shelled out $616 million to the U.S. Securities and Exchange Commission to settle allegations of insider trading.

Cohen reportedly bought the One Beacon Court penthouse for $24 million in 2005. [NYO] –Hayley Kaplan

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