Billionaire Bill Ackman aims to flip $90M One57 penthouse

Hedge-funder said he and friends bought 13,500 sf duplex last year for "fun"

One57 in Midtown and Bill Ackman
One57 in Midtown and Bill Ackman

Billionaire hedge-funder Bill Ackman of Pershing Square Capital is looking to flip the One57 penthouse condominium he and a group of investors acquired last year for roughly $90 million.

Such a turnover could render it the priciest attempted flip of a condo unit ever, according to New York Times. Ackman said he acquired the 13,500-square-foot duplex with his friends for “fun.”

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The apartment on the 75th and 76th floors features a two-story-high, 51-foot-wide glass enclosed “winter garden” with a curved glass roof, as previously reported. Extell Development recently reeled in $79 million for a pair of One57 units, as The Real Deal reported. [NYT]Mark Maurer