Billionaire’s Midtown penthouse got the biggest price chop in NYC history, now $70M off

Posted On Fri, January 11, 2019 By

Posted On Fri, January 11, 2019 By In Cool Listings, Midtown East

Everything goes on sale after Christmas, and that’s certainly true of hedge fund billionaire Steve Cohen’s Beacon Court penthouse at 151 East 58th Street. The SAC Capital Advisors founder bought the 9,000-square-foot duplex for $24 million in 2005 and hired noted architect Charles Gwathmey to give it a once-over. The condo hit the market again in April of 2013 for a whopping $115M (around the time Cohen received a wrist-slap to the tune of $1.2 billion for insider trading). No takers at that price. Or the next one ($82M). Or the one after that ($79M)–you probably get where this is going. Where the five-bedroom aerie on the building’s 51st and 52nd floors ended up today: Deeply discounted to $45 million after eight price cuts adding up to a $70 million drop, making it the heftiest haircut to happen in New York City history according to The Real Deal.

one beacon court, 1 beacon court, steve cohen, price chop

Plenty of A-list brokers had a crack at the listing, and this go-round it’s in the capable hands of the Richard Steinberg team at Douglas Elliman. The mansion-sized duplex reflects Charles Gwathmey’s contemporary vision at every turn, from the 24-foot double-height living room to walls of glass. There are also white Venetian plaster walls, maple floors, anigre wood and stainless steel throughout.

one beacon court, 1 beacon court, steve cohen, price chop

one beacon court, 1 beacon court, steve cohen, price chop

A sleek state-of-the-art chef’s kitchen has counters of honed black absolute granite. Adjacent is a media and entertaining room. Also on this floor are a powder room, a reception room, a home office, a pantry and two staff rooms with full baths.

one beacon court, 1 beacon court, steve cohen, price chop

one beacon court, 1 beacon court, steve cohen, price chop

Up a glass and steel staircase, you’ll find the master suite and additional bedrooms. The former consists of an office, sitting room and two full bathrooms clad in white statuary marble and black granite. Not one but two dressing rooms boast built-in custom cabinetry of anigre wood. Three more bedrooms also have en-suite baths. They’re joined by a den and a laundry room.

The sprawling condominium is kept running smoothly by a Crestron System that controls lighting, temperature, electronic window shades and more. A home security system and a backup generator for computers keep disaster at bay.

The Pelli Clarke Pelli Architects-designed One Beacon Court is part of the Bloomberg Tower complex. Amenities include a full-time doorman, concierge service and a valet service for drivers. On the building’s 29th floor is a fitness center with a massage room. There’s also a residents’ lounge and business center and a children’s playroom.

[Listing: One Beacon Court, 151 East 58th Street, Penthouse 5152 by Richard Steinberg, Alexander Mignogna, Emanuele Fiore and Lauren Keegan for Douglas Elliman]

[At CityRealty]

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Images courtesy of Douglas Elliman.

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Neighborhoods : Midtown East

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