If You're Selling An Apartment In Manhattan, Just Call 203-890-2000 And Ask For Steve

Perhaps you thought that hedge fund manager Steve Cohen's recent need to indulge in a little retail therapy had been satisfied by the purchases of a $60 million Hamptons home and a $155 million painting. That dropping 200+ mill had made him feel better about certain things going on right now that are out of his control. That the bank was closed. Well you thought wrong! The East End house and the Picasso were apparently but a warm-up, which the Big Guy followed up by buying a building on Perry Street and, possibly, an apartment 6 blocks away.
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Perhaps you thought that hedge fund manager Steve Cohen's recent need to indulge in a little retail therapy had been satisfied by the purchases of a $60 million Hamptons home and a $155 million painting. That dropping 200+ mill had made him feel better about certain things going on right now that are out of his control. That the bank was closed. Well you thought wrong! The East End house and the Picasso were apparently but a warm-up, which the Big Guy followed up by buying a building on Perry Street and, possibly, an apartment 6 blocks away.

Cohen, whose firm got a conditional court agreement to pay the Securities and Exchange Commission $602 million this week, snapped up 145 Perry St. in the West Village for $38.8 million, according to public records of the sale. The apartment building was being developed by David Halpern Architects, but that deal fell through. Records show it was sold to Cohen’s Greenwich Heights Corp. in Stamford, Conn. There is chatter he bought another city apartment, this one at the Abingdon, also in the West Village, while he renovates 145 Perry. Flank, the company developing the Abingdon, had no comment.

Anyway, if you've got a piece of property you're trying to unload, he's most likely looking to spend at least $50 million by the end of the day, so don't miss out. Serious offers only: He's not interest in your West New York 2 BR walk-up.

Cohen's Land Deals [NYP]
Related: Steve Cohen Bought Himself Another Little Pick-Me-Up; Steve Cohen Gives 215 Million (And Counting) Fingers To The Universe; Steve Cohen Wants To See A 379.16% Return On Manhattan Penthouse

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Steve Cohen Gives 215 Million (And Counting) Fingers To The Universe

In the news this week you will find two stories of men soothing what ails them through retail therapy: that of Friday Night Lights writer Buzz Bissinger, who confessed in the pages of GQ to spending over $600,000 at the House of Gucci in a leather fetish/bondage binge that resulted in him coming to own 'eighty-one leather jackets, seventy-five pairs of boots, forty-one pairs of leather pants, thirty-two pairs of haute couture jeans, ten evening jackets, and 115 pairs of leather gloves' and Steve Cohen, who will not be held down by SEC settlements topping half a billion dollars or bulls-eyes on his back. Earlier this week it was reported that the SAC Capital founder had picked up Picasso's Le RĂªve for $155 million as "a gift to himself" and now he's got a place to put it:

Steve Cohen Bought Himself A Little Pick-Me-Up

As you may have heard, the last number of months have been a bit tough on hedge fund manager Steve Cohen. In November, one of his former employees, Mathew Martoma, was accused of orchestrating "the most lucrative insider trading scheme ever," in a criminal complaint in which Cohen was referenced as Portfolio Manager A. A week later, the Times lopped 21,000 square feet off his house. Earlier this month, he had the pleasure of setting the record for the largest insider trading fine ever, at $614 million, a sum that does not even put this whole thing behind him, as the settlement "doesn't preclude the Securities and Exchange Commission from pursuing Cohen himself in the future." So you'll excuse the Big Guy if he felt the need to indulge in a little retail therapy recently.