The Real Deal New York

Steve Cohen chops One Beacon Court penthouse ask to $98M

By Business Insider | December 31, 2013 01:32PM

Billionaire hedge fund manager Steve Cohen, whose SAC Capital has come under scrutiny lately, is having a hard time unloading some expensive art and real estate. He failed to sell some high-priced art at a November auction after his firm swallowed a record $1.2 billion fine.

And he recently knocked the price on his gorgeous Upper East Side duplex penthouse from $115 million to $98 million, according to the New York Daily News. He bought the place for $24 million back in 2005, and hired late architect Charles Gwathmey to transform the space. It really is breathtaking. If you’re wondering, the odd sculpture in the corner is a depiction of Pablo Picasso by Maurizio Cattelan. Corcoran has the details of the 9,000 square foot, 6 bedroom, 6.5 bathroom apartment at One Beacon Court.