Thursday, 23 March 2017
Last updated 4 hours ago
May 12 2014 | 12:34pm ET
Steven Cohen’s Manhattan penthouse has been on the market for more than a year, and the former hedge fund manager isn’t happy about it.
Cohen listed the 10,000-square-foot duplex, in the Bloomberg Tower on Manhattan’s East Side, early last year, seeking $115 million. In January, he cut the price to $98 million—but it still hasn’t attracted a buyer.
Cohen, who transformed his SAC Capital Advisors into a family office called Point72 Asset Management earlier this year, after SAC pleaded guilty to insider charges last year, “blames his broker,” Deborah Grubman of The Corcoran Group, the New York Post reports. “Furious is not the word. He’s had enough.”
Cohen paid just $24 million for the apartment, which features 24-foot windows overlooking Central Park and lower Manhattan, in 2005. The pad was designed by famed modernist architect Charles Gwathmey and has four bedrooms and five-and-a-half bathrooms.