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
Photo of Beyoncé via Wikimedia
It’s been a busy summer for superstar couple Beyoncé and Jay-Z. The twosome recently purchased an LA estate for $88 million in August and shortly after they bought a home on East Hampton’s Georgica Pond for nearly $26 million. Adding to their real estate hustle, Beyoncé just sold her apartment at 151 East 58th in Midtown East for $9.95 million, as the New York Post reported. The 44th-floor pad is located at One Beacon Court, the exclusive Manhattan skyscraper with a Pantheon-inspired elliptical court. Beyoncé’s former pad features three bedrooms, floor-to-ceiling windows and sweeping views of Central Park.
Growing up just west of the Andes Mountains in the small town of Tucumán in northwest Argentina, Cesar Pelli wasn’t exposed to the vibrant cityscapes that he today helps to shape. He got his start designing low-cost, affordable housing for the Argentine government, which helped him develop an appreciation for each project’s unique sense of place. Breaking from the traditional mold of many world-famous architects, he designed buildings as a response to their neighborhoods, not as a preconceived signature aesthetic.
Now, with a long list of acclaimed international projects to his name, Pelli is lauded for creating structures that honor a city’s history and enrich the local landscape. And here in New York City, home to some of his most celebrated works, the Pelli mark has making an indelible impression on the architecture and real estate fields.
Manhattan is known for hosting more than a handful of the world’s most luxurious homes — many of which are perched hundreds if not thousands of feet above ground. Though few folks will ever get to see the interior of anything higher than their 5-story walk-up, we’re offering up a look into how New York’s loftiest live.
From the “smallest” to the tallest, take a peek into the penthouses of 10 of Manhattan’s supertall condos ahead. And just to give you a little more context, the Empire State Building soars 1,250 feet high.