Will anyone ever buy Steven A. Cohen’s enormous penthouse?

It’s been three years since hedge funder Steven Cohen’s duplex atop One Beacon Court first appeared on the market, with the at-the-time outlandish asking price of $115 million. (Now, nine-figure homes are all too common in New York City, making that number seem … well, it’s still outlandish, but it would at least have company nowadays.)

But several price chops later, the enormous apartment—which, at one point, got a rather sterile renovation by modernist architect Charles Gwathmey—hasn’t budged. And unsurprisingly, it recently took another hit, lowering its ask from $72 million to $67.5 million. Considering that’s a nearly $50 million reduction from its original price, we’re ready to induct this one into the oh-so-prestigious Pricechopper Hall of Fame. (Welcome to the club!)

By now, astute Curbed readers know the details on this place: it covers more than 9,000 square feet, it has five bedrooms, it’s covered in stainless steel, yada yada yada. At this point, it’s not really a question of if this will get chopped again, but when (though who knows—if the oddly-shaped UFO apartment in Nolita’s Police Building can sell, anything is possible).

From http://ny.curbed.com/2016/10/17/13301682/midtown-nyc-one-beacon-court-penthouse-reduction

Advertisements