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