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Another $100 Million Listing Gives Up, Cuts Asking Price

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As 2013 draws to a close, the nine-figure apartment listings that appeared over the course of the year are dropping like flies. Last week, Martin Zweig's widow reduced the ask on her Pierre penthouse by $30 million, bringing it down to $95 million, and today news of another major PriceChop surfaces: hedge funder Steven A. Cohen has brought the price of his One Beacon Court penthouse down to $98 million, from a starting point of $115 million. Cohen recently pleaded guilty to insider trading and agreed to pay a penalty of $1.2 billion, so it's possible that he's more motivated to sell. But, considering that he was worth somewhere around $9 billion before the fine, it's also possible that he doesn't really care that much. Either way, this is still a crazy expensive apartment.

· Stephen A. Cohen cuts the price on his $117M duplex in the Bloomberg Tower [NYDN]
· One Beacon Court coverage [Curbed]

One Beacon Court

151 East 58th Street, New York, NY 10022 Visit Website