Hedge funder Bill Ackman is parting ways with his duplex at the Beresford for $15 million.
The silver-haired founder of Pershing Square Capital Management looks to have sold the co-op to his ex, landscape architect Karen Ann Herskovitz, for $15 million, property records show. Ackman’s not quite leaving the building, though, having scooped up two eighth-floor apartments last year at the storied Upper West Side building.
That includes homes in New York City and the Hamptons. We’ve scoured property records so you don’t have to. Here’s what’s at stake:
During happier times, the Ackmans assembled a palatial spread at the Beresford, where they paid $26 million in 2006 for a duplex on the 17th and 18th floors. In 2017, Ackman shelled out $22 million for two more units on the eighth floor. It now appears he’s claiming those as a bachelor pad and transferring the duplex to his ex.
111 Greene Street, PHC
Earlier this month, Ackman sold a Soho penthouse to his ex for $2.625 million. Records show he bought the 1,814-square-foot pad through an LLC — 109-C Greene LLC — for $5.5 million in 2013.
Winter Garden penthouse
It’s unlikely that the One57 condo is part of the divorce settlement, but we’ll include it just in case. An Ackman-led investor group paid $91.5 million for the 13,554-square-foot duplex in 2015. At the time, Ackman called it a “fun” investment and said he thinks he could someday sell it for $500 million.
420 West Broadway, PHB
Back in 2015, Ackman used an LLC when he bought this condo for $17 million from Drew Katz, the owner of a company that sells billboard ads. Katz was also the person who tipped off Ackman about pricing issues at Valeant Pharmaceuticals — where Pershing Square ultimately took a $2.8 billion loss following an SEC investigation. The pad is currently on the market for $17 million, according to StreetEasy. Douglas Elliman’s Merrily Connery has the listing.
In 2011, the tennis-obsessed hedge fund chief shelled out $22 million for a place on Ocean Road in Bridgehampton. The beachfront home sits on six acres with a tennis court (naturally) and views of Sagg Pond.
In 2015, Ackman was the secret buyer behind a $23.5 million purchase on Bridge Lane. Records show Ackman picked up three lots — including one once owned by Robert Hayes Burns Baldwin, former chairman of Morgan Stanley. The estate includes two homes separated by a par-three golf course.