NY Mets Owner Steve Cohen Finds Buyer for LA Mansion

After five months on the market and a $10 million price cut, billionaire Steve Cohen found a buyer for his Beverly Hills residence.

The pending deal comes as the New York Mets owner looks to remake 50 acres of parking into an $8 billion casino complex next to Citi Field in New York. The project, called Metropolitan Park, is vying for a state gaming license.

Meanwhile, Cohen’s residence at 901 Oxford Way, which is listed for $35 million, was last week’s top home to go into contract based on asking price, according to the Eklund Weekly Luxury Report Los Angeles. The listing equates to $2,764 per square foot.

That’s discounted from the $45 million, or $3,553 per square foot, the home was asking back in May.

Cohen, the founder of S.A.C. Capital Advisors and Point72 Asset Management, bought the residence in 2015, according to Forbes. Spec developer Gala Asher was the seller at the time, according to the deed.

Property and state records show the home’s owner as a Delaware limited liability company called Crown West, which is managed by Point 72 chief investment officer Andrew B. Cohen and also tied to the same address as the financial firm.

The nine-bedroom, 13-bathroom home spans 12,700 square feet. It’s close to the Beverly Hills Hotel. Among the home’s many amenities are a living room bar, elevator, private space to take meetings, waterfall, spa, game room and underground parking.

Compass’ Ginger Glass has the listing.

It was a big week for Glass, who also holds the listing of Los Angeles County’s second-largest home to go into contract, along with Compass’ Alexandra Glass.

That’s for the home at 1535 Blue Jay Way in the Hollywood Hills, which is listed for just under $27 million, or $2,268 per square foot.

The L-shaped home, which is being sold by a trust, was built in 2021 and has six bedrooms and eight bathrooms across nearly 12,000 square feet.

Highlights include a half-Olympic length pool, spa, 150-year-old olive trees and both city and ocean views.

Twenty-nine homes in L.A. County went into contract last week, which was one more deal than a year ago, according to the roundup produced by Marcy Roth of Douglas Elliman’s Eklund Gomes team. The report counts homes appearing in the Multiple Listing Service with an asking price of at least $4 million.

Total asking volume was $252.9 million, which was a jump of nearly 47 percent from the same time last year.