Sotheby’s in, Corcoran out at Steve Cohen’s One Beacon Court

Hedge fund mogul slashes price from $110M to $82M; gets Boardman on board

Dec.December 12, 2014 12:15 PM

Embattled hedge fund billionaire Steven Cohen is slashing the price of his One Beacon Court penthouse to $82 million from $110 million — and he’s bringing in Sotheby’s International Realty’s Serena Boardman to sell the ostentatious pad.

The SAC Capital Advisors founder bought the 9,000-square foot, four-bedroom apartment in 2005 for $24 million. He tapped the Corcoran Group’s Deborah Grubman and David Dubin to sell the pad last April for $110 million. But now, with a new price tag — first spotted by Curbed — Cohen has decided to give Sotheby’s Boardman a shot.

The duplex boasts a chef’s kitchen media room and a master suite with an office, sitting room and two baths.

After an insider-trader scandal saw multiple SAC executives go behind bars, Cohen has renamed the firm Point72 Asset Management, in an effort to convince federal prosecutors that the firm has turned over a new leaf, according to the newspaper. [NYDN] and [Curbed]— Claire Moses 

Related Articles

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

Corcoran CEO & President Pamela Liebman (Credit: iStock)

Corcoran begins new lead-gen push via Facebook ads

(Credit: iStock)

Rental concessions are on the decline, but the size of incentives is growing

Hovnanian Enterprises CEO Ara Hovnanian and 292-294 West 4th Street

Big names, big properties, big price: $26M for Village homes

Realogy CEO Ryan Schneider 

Realogy’s 2019 revenue slides 3% to $5.6B

From left: Ryan Schneider, Ryan Gorman, Philip White, and Pam Liebman

Goodbye, NRT. Hello, Realogy Brokerage Group

Citi Habitat president Gary Marlin and Corcoran president Pam Liebman (Credit: Corcoran)

Corcoran, Citi Habitats to merge