Cohen to sell $62M East Hampton pad: report

New York /
Jan.January 20, 2014 12:10 PM

Hedge fund mogul Steven Cohen of SAC Capital Advisors is looking to sell the East Hampton estate he acquired for $62.5 million less than a year ago, the New York Observer reported, citing unnamed sources.

A prospective buyer from Australia is interested in the oceanfront home at 52 Further Lane, but might not want to match the price Cohen paid for it, the paper said. The 10,000-square-foot, seven-bedroom home sits on seven acres, boasts antique oak and limestone floors, and has a tennis court and pool. The property was previously owned by the late Robert McKeon, an investment banker who committed suicide in 2012.

Cohen owns another home on Further Lane, which he purchased in 2007.

“As we made clear to the [New York] Observer, neither property is for sale,” a spokesperson for Cohen told The Real Deal.

Late last year, Cohen’s firm was hit with a $1.2 billion fine for insider trading. His Manhattan residential assets include a penthouse at One Beacon Court that Cohen put on the market in April for $115 million, and two West Village homes purchased for $23.4 million and $38.8 million, respectively, as The Real Deal has reported. [NYO]Mark Maurer


Related Articles

arrow_forward_ios
Yorgos Tsibiridis
Hamptons agent Yorgos Tsibiridis jumps to Compass
Hamptons agent Yorgos Tsibiridis jumps to Compass
32 Windmill Lane and Andrew Saunders (Realtor)
Hefty prices, robust sales: Hamptons market thrives in Q2
Hefty prices, robust sales: Hamptons market thrives in Q2
From left: 263 Surfside Drive and Ivan Kaufman with 901 and 939 Scuttle Hole Road (Credit: VHT Studios, Arbor)
The 10 priciest Hamptons home sales of 2019
The 10 priciest Hamptons home sales of 2019
Harry Macklowe (Credit: Getty Images)
Macklowe’s brazen Hamptons act recalls Times Square scandal
Macklowe’s brazen Hamptons act recalls Times Square scandal
Jeffrey Collé and Andrew Saunders (Credit: Hampton’s Real Estate, Facebook, and iStock)
Hamptons builder pleads not guilty to assaulting Andrew Saunders
Hamptons builder pleads not guilty to assaulting Andrew Saunders
Helmut Lang and an aerial of the Hamptons (Credit: Getty Images and Google Maps)
Helmut Lang’s East Hampton compound could list for a massive $100M
Helmut Lang’s East Hampton compound could list for a massive $100M
Hamptons Cheat Sheet: After ‘Trump bump,’ Joe Farrell taps Saunders to market $200M portfolio, East Hampton still tops for renters… & more
Hamptons Cheat Sheet: After ‘Trump bump,’ Joe Farrell taps Saunders to market $200M portfolio, East Hampton still tops for renters… & more
Hamptons Cheat Sheet: After ‘Trump bump,’ Joe Farrell taps Saunders to market $200M portfolio, East Hampton still tops for renters… & more
Hamptons Cheat Sheet: Historic Southampton property with 3-hole golf course lists for $15.9M … & more
Hamptons Cheat Sheet: Historic Southampton property with 3-hole golf course lists for $15.9M … & more
Hamptons Cheat Sheet: Historic Southampton property with 3-hole golf course lists for $15.9M … & more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...