Billionaire Bill Ackman aims to flip $90M One57 penthouse
Hedge-funder said he and friends bought 13,500 sf duplex last year for "fun"
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.”
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