Cohen Cuts Price Of New York Apt.

Jan 2 2014 | 10:13am ET

After almost a year on the market without a taker, Steven Cohen’s Manhattan apartment is getting slightly cheaper.

The SAC Capital Advisors founder listed the 10,000-square-foot duplex in New York’s Bloomberg Tower last year, seeking $115 million. Now, he’ll take just $98 million—which would still be a record for a New York City apartment, the New York Daily News reports.

The current record is $90 million, set in May by a group of investors led by Pershing Square Capital Management’s William Ackman.

Cohen’s Manhattan home was designed by famed architect Charles Gwathmey and features Venetian plaster walls and stainless steel surfaces. It has four bedrooms and five-and-a-half bathrooms.

Cohen paid $24 million for the apartment in 2005.

The price cut follows SAC’s guilty plea to insider-trading charges—part of a deal with prosecutors that will see the firm return all outside capital and become a family office. Cohen also recently sold about $88 million worth of his famed art collection.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...