Steve Cohen Relists NYC Penthouse at $3 Million Discount

Steven A. Cohen, the billionaire investor who founded Point72 Asset Management, relisted his One Beacon Court penthouse for $3 million less than he last asked for the Manhattan duplex.

The price is now $79 million, according to Zillow Group Inc.’s StreetEasy website. The 9,000-square-foot (840-square-meter) unit has been up for sale before, starting with a 2013 listing at $115 million, and most recently, in December, at $82 million. It had been taken off the market last month, according to StreetEasy.

The listing describes the duplex, with 16 rooms including four bedrooms and five baths, as “a rare combination of grand space, extraordinary light, dramatic views and perfection of design and execution.” The offering is being handled by Deborah Grubman, David Dubin and Paul Albano of Corcoran Group.

Jonathan Gasthalter, a spokesman for Cohen, declined to comment on the listing.

Cohen, who bought the two parts of the duplex in 2005 for a combined $25.9 million, is worth $11 billion, according to the Bloomberg Billionaires Index. He also owns a $60 million waterfront home in East Hampton, New York, and in January bought a nine-bedroom Beverly Hills, California, mansion that was listed for $35 million.

Cohen started Point72 last year to manage his fortune after his hedge-fund firm, SAC Capital Advisors, pleaded guilty to securities fraud and paid a record $1.8 billion fine to settle insider-trading charges. Cohen hasn’t been charged with any crime and has denied wrongdoing.

Cohen’s latest listing of the One Beacon Court apartment, at 58th Street and Lexington Avenue, was reported yesterday by the New York Daily News.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE