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

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.