Skip to main content

Steve Cohen Just Threw His Keys Down A Sewer Grate On 59th and Third

The place is yours if you can fish’em out, basically.
  • Author:
  • Updated:


There are many different ways to measure just how humiliating Steve Cohen’s effort(s) to sell his East Midtown penthouse has been. There’s time (five years, nine months and counting). There’s number of times taken off the market in a failed game of hard-to-get (at least two). There’s the number of times he’s cut the price (almost toomanytocount, but at least seven). There’s number of brokers who’ve tried and failed to essentially give the fucking place away (at least six, one of whom is now on his second go-round). And finally, there’s the unseemly bottom line, which makes Point72’s rather “meh” year look like a towering triumph.

A new listing for the apartment appeared today, with Douglas Elliman’s Richard Steinberg, and it has the lowest asking price yet: Now, the penthouse is going for $45 million. (With a $70 million discount, we’re pretty sure that vaults it to the No. 1 spot in the Pricechopper Hall of Fame.)

The backstory: Cohen first listed the place for $115 million in 2013—right before the nine-digit boom in high-end real estate began in earnest—and has slowly but surely knocked a bit off the price every year or so. It dropped to $98 million at the end of 2013; $82 millionone year after that; and so on, and so on. Most recently, in the fall of 2017, it was asking $57.5 million.

Next up, he just burns the place down for the insurance money.

Billionaire’s modernist One Beacon Court Penthouse returns with $70M discount [Curbed New York]
Hedge Fund King Steven Cohen Lists Manhattan Penthouse—at a $70M Discount [Mansion Global]
The story behind the biggest price chop in NYC history [The Real Deal]


Getty Images

Leave Steve Cohen Alone You Monsters

The Big Guy’s Twitter account was just about the only good thing to come out of 2020 and now you’ve ruined it.

Getty Images

Steve Cohen Gets His Money Back For Cursed Apartment

It only took eight years, four brokers and several years shaved off his life from rage.

Getty Images

Steve Cohen Keeping Up With The Kushners

And the Loebs, if not quite with the Griffin.

Getty Images

Steve Cohen Knew This Whole Comeback Thing Was A Mistake

Now you do, too, although you don’t get 2.75% of $5 billion just for showing up.

Getty Images

You Can Now Have Two Steve Cohen Apartments For Less Than The Original Price Of One

If someone would take these goddamned things off his hands at one fell swoop, the Big Guy would be super-appreciative.


Steve Cohen To Work Cheap (By Steve Cohen Standards)

The man can hardly live on 2.75 and 30. So he won’t.