Steve Cohen Lists Penthouse for $115 Million
By Lucas on Apr 15, 2013
Steve Cohen is an American hedge fund manager and the founder of SAC Capital Advisors - his Manhattan penthouse is one of the most expensive apartments on the market in New York City.
The price of Steve Cohen’s penthouse
Cohen has listed his Bloomberg Tower duplex for a crazy $115 million. According to Zillow’s Home Value Index, that is 12,000 percent higher than the median value for the area.
An American stock investor, Martin Zweig, recently listed his Manhattan apartment for $125 million, but if Cohen’s sells first, it will be the most expensive Manhattan sale to date.
The extravagant listing comes after Cohen purchased a very fancy Hampton’s estate for just $60 million. Oh, and Cohen also picked up a little painting a little while ago, “Le Rêve” by Picasso - coming in at $155 million, it’s the second most expensive painting ever. EVER.
So that 12,000 percent may be Cohen just trying to make a few bucks back. As of March 2012, Cohen’s estimated worth comes in around $8.8 billion.
Steve Cohen’s Bloomberg Tower duplex
The four-bed, 5.5-bath, 9,000 square foot duplex is basically as luxurious as it gets: 24’ ceilings in the living room, maple floors, Venetian plaster walls, a state-of-the-art chef's kitchen, marble walls, black granite floors, every bedroom has an ensuite, and every room has a touchpad that controls just about everything in the home.
Would you spend $115 million on a home?
We know that $115 million sounds like a lot for a Manhattan apartment, but remember, it’s a duplex - a 9,000 square foot duplex. The word “apartment” makes it sound like it’s going to be smaller than your average house, especially since it’s in Manhattan. Put Cohen’s living space on the ground and you basically have a mansion.
That doesn’t justify the high price, in fact, if the home wasn’t a penthouse, it would probably be cheaper. According to Forbes, Cohen is the 106th richest man in the world...maybe one of the 105 individuals ranked higher than him would like to purchase his home.