The Real Deal New York

Steve Cohen really wants to sell his PH at One Beacon Court

Hedge funder now asking $57.5M — discount from $115M he originally sought
By E.B. Solomont | September 05, 2017 10:51AM

Penthouse at 151 East 58th Street and Steven Cohen (Credit: Getty Images)

Billionaire hedge funder Steven Cohen has re-listed his hard-to-sell duplex at One Beacon Court, which is now asking a mere $57.5 million — or 50 percent less than his original asking price of $115 million.

After a series of price chops, the 9,000-square-foot condominium unit — on the 51st and 52nd floors of 151 East 58th Street — is now asking $6,389 per square foot.

Douglas Elliman’s Tal and Oren Alexander have the listing.

From left: Oren and Tal Alexander

Cohen, founder of the now-defunct fund SAC Capital Advisors, paid $24 million for the pad in 2005, and hired the late Charles Gwathmey to overhaul the space, which has five bedrooms and six bathrooms. The duplex features white venetian plaster walls, maple floors and a double-height living room with 24-foot floor-to-ceiling glass windows.

Cohen first tried to flip the unit in 2013 when he listed the spread for $115 million, or $12,777 per square foot. He later slashed the price to $98 million, then $82 million, $72 million and finally $67.5 million. Over the years, Cohen’s also cycled through several agents, including the Corcoran Group’s Deborah Grubman and Douglas Elliman’s Richard Steinberg and Matthew Slosar.

The latest price cut comes as Cohen moves forward with plans to build a family compound at 145 Perry Street in Greenwich Village.
In February, the city’s Landmarks Preservation Commission signed off on Cohen’s plans to build a four-story mansion and six-story apartment building at the site of a former garage. He paid just under $39 million for the property in 2013.

Cohen’s personal fund, Point72 Asset Management, plans to lease 175,000 square feet at 55 Hudson Yards.