Activist investor buys $30M duplex at
30 Park Place

Hedge funder Jesse Cohn's new digs at Robert AM Stern-designed building span 6K sf

TRD New York /
May.May 03, 2017 01:30 PM

30 Park Place and Jesse Cohn

UPDATED, May 3, 2:02 p.m. Activist investor Jesse Cohn is the buyer behind the $30 million duplex at 30 Park Place.

The penthouse — which was initially listed as a larger combo unit for $65 million — spans 6,000 square feet across the 78th and 79th floors of the condominium tower, dubbed the Four Seasons Private Residences. Olshan Realty noted that the unit went into contract in March, but the sale hit city records on Wednesday.

Cohn, who runs U.S. activist investing for Elliot Management, had previously scoped out units #69A and #69B in the building. The LLC that purchased the penthouse is also registered to an address at 212 Warren Street. The same address is listed for Cohn’s wife, Selena, who hosts Timbalooloo classes — alternative music teaching method for children — at the condo. When reached by phone on Wednesday, she declined to comment.

Anna Sokolova, a New Jersey-based anesthesiologist, also recently bought in the Robert AM Stern-designed building, dropping $13.6 million for an eight-room apartment, Luxury Listings reported. In December, developer Larry Silverstein announced that he and his wife planned to purchase a $34 million for a penthouse on the 80th floor.

During an event hosted by The Real Deal in March, Stern said the design for 30 Park Place was intended to pay homage to the Art Deco tower, One Wall Street.

“Picasso reinterpreted many artists from before,” he said at the time. “I’m not Picasso, but I’m not that far away.”

Additional reporting by Katherine Clarke

Correction: Cohn did not go into contract for units #69A and #69B; he opted to buy the $30 million penthouse instead.

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