clock menu more-arrow no yes mobile

Filed under:

Billionaire’s Midtown penthouse gets yet another price cut, asks $34M

New, 37 comments

Will the pricey pad sell this time around?

A living room with high ceilings, a light grey couch, a wooden chair, and floor-to-ceiling windows with views of Manhattan. Photos courtesy of Christie’s International Real Estate.

Hedge funder Steven Cohen first listed his luxe One Beacon Court penthouse back in 2013 for $115 million. Now, six years later, the property still hasn’t sold despite several price cuts. Most recently, in January, the unit listed for $45 million. This week, the pad hit the market with another steep discount, asking $34 million.

As Curbed previously reported, Cohen bought the pad for $24 million in 2005. Prior to listing it in 2013, he hired designer Charles Gwathmey to renovate the spacious abode. Amazingly, it still hasn’t sold; Will he ever land a buyer for this pricey pad? Time will tell.

The 9,000-square-foot duplex penthouse has five bedrooms, six and a half bathrooms, a library, two galleries, and staff rooms. Its most outstanding features, perhaps, are its 12-foot-high windows—with sweeping views of both the East and Hudson rivers and of the Manhattan skyline—and the unit’s 24-foot double height ceilings.

The property is located at One Beacon Court, 151 East 58th Street, between Third and Lexington avenues, near the N, R, and W trains at Lexington Avenue/59th Street.

Taxes for the property are $19,172/month and common charges amount to $16,777/month. Erin Boisson Aries, Nicola Bottero, and Dustin Crouse of Christie’s International Real Estate have the listing.

A bathroom with marble finishes and large windows with a view to the Manhattan skyline.
One of the bathrooms has marble finishes and large windows, offering sweeping views of the Manhattan skyline.
A library with wooden bookshelves, hardwood floors, a wood table, two chairs, and a floor-to-ceiling window with wood panels.
The pad’s library with wooden bookshelves and a floor-to-ceiling window.
A bedroom surrounded by large, floor-to-ceiling windows, white walls, and a medium-sized bed.
One of the penthouse’s bedrooms with floor-to-ceiling windows.
A kitchen with stainless steel appliances and an island in the middle.
The penthouse’s kitchen has stainless steel appliances.
A foyer with high ceilings, white walls, and a staircase with glass railings on the left side.
The penthouse’s foyer area.