Think the $90 million sale of the penthouse duplex at the still unfinished One57 to an undisclosed buyer is a milestone for New York real estate? Then you haven't looked at the asking price for Steve Cohen's duplex on the 51st story of the Bloomberg building aka One Beacon Court. At $115 million, if sold, this will represent the most expensive New york real estate transaction in history.
Naturally, nobody can blame Stevie for taking some cash out: after paying $150 million for a Picasso, $60 million for an East Hampton estate and $616 million to settle a SEC civil suit, the hedge funder who redefined the term "information arbitrage" and whose SAC Capital is converting to a "friend and family" run office may suddenly be facing a liquidity crunch.
Alas, Stevie may have a problem getting top dollar for his midtown real estate. As Observer reported some time ago,
With no outdoor space, three blocks between the building and the park and nowhere near the name recognition of 15 Central Park West, can Mr. Cohen’s 51st-story duplex do it? (Even if it can’t, he only paid $24 million for the apartment back in 2005, so he’ll come out ahead either way.)
Then again, “there are exceptionally good views” from One Beacon Court, said Ms. Del Nunzio, “and the finishes”—interiors by Charles Gwathmey, natch—”are very good” (which we’re sure the contractors will appreciate as they rip them out and leave them for dead at the curb).
Stevie isn't the only one scrambling to cash out at the peak of the latest cheap credit-fuelled housing bubble:
The city is positively booming with would-be record-setters. Martin Zweig wants $125 million for his triplex at the Pierre (a co-op, so at least Mr. Cohen will have the shady Eastern European oligarch market all to himself), Steven Klar wants $100 million for his CitySpire penthouse (which, at 8,000 square feet, is looking a bit shabby in comparison) and Leroy Schecter wants $85 million for his 15 Central Park West spread (down from $95 million).
Still, for those curious what over one tenth of a billion would get them, here is the inside of the vaunted apartment via Gwathmey-Siegel.
Here is interior decorator Gwathmey-Siegel explained their mandate:
The mandate was to accommodate a family with four children’s bedrooms and sitting room, two working offices, master bedroom suite, living/dining, gallery space, kitchen/breakfast space with connecting sitting room, with both a sense of privacy and loft-like volumetric expansiveness, while simultaneously allowing the installation of a major modern art collection.
The goal, through both the material palette of white Venetian integral plaster, stainless steel, maple floor, and white lacquer cabinets and the sculptural spatial articulation would both engage and counterpoint the spectacular 360° panoramic views of the city and beyond with a sense of serenity within a unique oasis environment.
It is unclear is the waist-sized Excedrin "bottle" in the bedroom was part of the "mandate"