The Real Deal New York

Bill Ackman’s $91.5M One57 bachelor pad?

Hedge funder and wife to divvy up NYC, Hamptons real estate
December 23, 2016 09:00AM

Bill Ackman and One57

Billionaire Bill Ackman apparently bought the $91.5 million penthouse at One57 “for fun,” but now the tennis-obsessed hedge fund chief may be looking at an uber-luxe bachelor pad.

The founder of Pershing Square Holdings and his wife of 25 years, Karen Ann Herskovitz, are divorcing in what they described to friends as an “amicable split,” Page Six reported.

In 2015, Ackman and a group of investors closed on the 13,554-square-foot aerie at Extell Development’s One57, paying $6,750 per square foot. Spread over the 75th and 76th floors, the pad has six bedrooms and a two-story, 51-foot-wide glass enclosed “winter garden.”

Ackman — who is worth an estimated $1.6 billion — previously said he bought the apartment for fun, and he’s publicly stated that he will one day flip the unit for “five times” what he paid.

The Ackmans also own a $35 million apartment at the Beresford on the Upper West Side, as well as a $22 million estate in Bridgehampton they bought in 2011. Last year, Ackman paid $23.5 million for a six-acre property nearby.

Ackman’s Pershing Square signed a lease for 67,000 square feet at the former Ford Motor Co. building at 787 11th Avenue last month. Along with Adam Flatto’s Georgetown Co., Ackman paid $255.5 million last year to buy the eight-story building. Its roof features a tennis court. [NYP] — E.B. Solomont