Has Steve Cohen Gone Bonkers??? - The Jewish Voice
35.3 F
New York
Tuesday, February 7, 2023

Has Steve Cohen Gone Bonkers???

- Advertisement -

Related Articles


Must read

PHOTO CAPTION: Investment guru Steve Cohen appears to be on a massive spending spree.
PHOTO CAPTION: Investment guru Steve Cohen appears to be on a massive spending spree.
Steve Cohen is at it again.  A few weeks ago we reported that Cohen, whose SAC Capital had just settled two insider-trading lawsuits with the government for $616 million, had treated himself to a gift: Picasso’s “Le Rêve,” for which he paid an astounding $155 million, according to the New York Post.

Now Cohen is looking to sell his Upper East Side duplex for – are you sitting down? – $115 million.  The 10,000-square-foot apartment at the Bloomberg Tower on Lexington Avenue boasts 6 bedrooms, 6 ½ baths, and stunning floor-to-ceiling views of Manhattan from the 51st and 52nd floors.  Cohen bought the apartment – the only duplex in the building – in 2005 for a mere $24 million.

Cohen, 57, is a legend on Wall Street, having amassed a multibillion-dollar fortune by posting phenomenal investment returns averaging about 30 percent over the last two decades.

Putting his apartment up for sale isn’t Cohen’s only real estate activity.  Last month he reached a deal to pay $60 million for an oceanfront property on Further Lane in East Hampton, on Long Island, according to a person with direct knowledge of the sale. The home is down the road from one he already owns.

Cohen’s primary residence is in Greenwich, Conn., which has a basketball court and a two-hole golf course, and he owns other real estate in New York. Last year, he purchased a property in the West Village on Washington Street for $38.8 million.

As for Cohen’s New York duplex, if $115 million is a bit steep for you, you can slum with a 15-room apartment atop the Sherry-Netherland, a steal at just $95 million.

balance of natureDonate

Latest article

- Advertisement -
Skip to content