Hedge-fund billionaire Steven A. Cohen just can’t unload his Manhattan penthouse — even after slashing the price from $115 million to a mere $75 million.
Things have otherwise been going well for Cohen, who filed paperwork to start a new firm called Stamford Harbor Capital just months after he was barred by the SEC from managing outside money until 2018.
Cohen, founder of SAC Capital and Point72 Asset Management, insists he isn’t skirting the SEC settlement because even though he owns the new firm, he won’t actually manage any of the money — his execs will.
But that hasn’t made his mega glass palace at One Beacon Court any more attractive.
The 9,000-square-foot apartment has languished for 700 days, despite being marketed by an array of the top brokers in town.
Now Cohen, who is selling through Douglas Elliman, has come up with an innovative way to make the offer seem new: changing the unit number to “PH5152W” from “PH-51/52W,” so StreetEasy says it has been listed for only four days.
That will fool all those prospective buyers.