Cohen ‘Furious’ Apartment Hasn’t Sold

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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of