Thursday, January 5, 2023

Bleeding a deal

Troubled hedge fund boss Steven A. Cohen seeks £71 million for his Midtown apartment

 

As Steven A. Cohen’s SAC Capital Advisors comes closer to a plea deal with prosecutors over insider trading charges, he’s selling paintings at Sotheby’s and has placed his Midtown apartment in New York on the market also.

 

Financier and art collector Steven A. Cohen
Financier and art collector Steven A. Cohen
The sitting room of Steven A. Cohen's duplex at One Beacon Court 151 East 58th Street New York NY 10022 provides illustration of his curious taste in art. Note the strange figure in the corner.
The sitting room of Steven A. Cohen’s duplex at One Beacon Court 151 East 58th Street New York NY 10022 provides illustration of his curious taste in art. Note the strange figure in the corner.
The same room by night
The same room by night

Built in 2005 and reconfigured by Gwathmey Siegel Kaufman Architects LLC, the 51st and 52nd floor duplex is located in the 105-unit One Beacon Court building that forms part of the Bloomberg complex. Described as being the “most sophisticated, stunning and elegant apartment in New York City” by agents Corcoran, the 9,000 square foot apartment includes 4 bedroom suites and 5.5 bathrooms. A double height living room features 24-foot high ceilings whilst the true highlight has to be the views across the city. Cohen paid £14.8 million ($24 million) for the property in 2005.

 

Twice married and Wharton educated, Cohen, one of the world’s largest private art collectors, has used the apartment to showcase a number of works. Amongst those he owns is a head made out of frozen blood by Marc Quinn. Aside from selling his home, however, in November, Cohen is selling two works by Andy Warhol and one by Gerhard Richter at Sotheby’s.

 

Spectacular views are enjoyed from most rooms
Spectacular views are enjoyed from most rooms
One of four bedroom suites
One of four bedroom suites
An office space is noteworthy by its blandness
An office space is noteworthy by its blandness

Cohen’s firm, following the 2012 indictment, lost many of its investors and is expected to go from having managed £9.3 billion ($15 billion) at the beginning of 2013 to controlling just £5.6 billion ($9 billion) of Cohen’s own money after returning further funds in installments to outside investors. Given the Sotheby’s sale could net in the region of £37 million ($60 million) and a further £71 million ($115 million) could come from the sale of this apartment, Cohen – the world’s 106th richest man – won’t be bleeding that badly.

 

 

Subscribe to our free once daily email newsletter here:

    The lower floor of the duplex provides great entertaining spaces as well as staff accommodation
    The lower floor of the duplex provides great entertaining spaces as well as staff accommodation
    The upper floor provides a master suite with a sitting room, home office, a dressing room and both bath and shower rooms as well as three further bedrooms suites and a den
    The upper floor provides a master suite with a sitting room, home office, a dressing room and both bath and shower rooms as well as three further bedrooms suites and a den
    The Steeple Times
    The Steeple Times
    We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

    3 COMMENTS

    1. A old yiddisher childhood friend of mine, Benny Gluch was recuperating after Prostate surgery. I contacted him to find out how he was doing and to wish him well. His response was ” Chaim you know very well, that I make a very good living, what do you want?” Cohen is of that cloth, he knows Bloomberg.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    £1 per week Supports The Steeple Times

    Help journalism to remain honest & independent. You can make a difference to the world today.

    3,095FansLike
    2,068FollowersFollow
    14,752FollowersFollow
    4,962SubscribersSubscribe

    Subscribe For DAILY NEWS

    Please subscribe, like and share this unique site, it helps us tremendously. The Steeple Times in return will send you an email at noon each and everyday, that we sincerely hope you will enjoy & look forward to seeing in your inbox.

    AD
    Advertisement

    Trending Now

    Down The Rancid Rabbit Hole – Ghislaine Maxwell Saga Widens

    A year on from her conviction, the rabbit hole that is the story of Ghislaine Maxwell and Jeffrey Epstein and their victims widens with new lawsuits on the horizon and new troubles for Prince Andrew also.

    Crypto Crook’s Big Short – Will Sam Bankman-Fried Story Be Turned Into Blockbuster?

    Crypto crook Sam Bankman-Fried astonishingly gets to hang out with the author of ‘The Big Short’ in spite of being on £207 million bail and now has not only Ghislaine Maxwell’s lawyer onside but also Prince Andrew’s judge to face also.

    Most Popular Articles

    Justice for James Scurlock

    Power of social media proven after senseless killing of James Scurlock in Omaha, Nebraska allegedly by a controversial bar owner named Jake Gardner who has been photographed with Donald Trump.

    Scobie Orf!

    ‘MeGain’s’ bestie Omid Scobie deservedly gets slammed by ‘Yankee Wally’ Sadie Quinlan for getting her shut down on Twitter; this childish chap should now just ‘belt up, wrap up and shut up.’

    A Massive Media Maelstrom – McCann, Mandelson and Maxwell

    Matthew Steeples highlights how the ‘Mandelson Media Method’ is very much in play in both the case of the Prince Andrew-Jeffrey Epstein connection and the renewed interest in the Madeleine McCann disappearance.

    The Phil & Matt Show

    Phillip Schofield filmed smoking shisha with his alleged ex-lover Matt McGreevy (and pictured in bed thereafter); another image shows the pair together in photograph...

    Plane Perverted

    EXCLUSIVE – Previously unnamed 9-year-old child pictured on the lap of Jeffrey Epstein on his plane in ‘Daily Mail’ suggested to be daughter of billionaire Glenn Dubin.

    Moron of the Moment 2021 – Richard Madeley

    As the new Diana, Princess of Wales statue is mocked as looking like him, ‘Dorian Gray of Daytime Telly’ Richard Madeley pathetically claims he got PTSD due to worrying about his son’s wedding.

    Most Liked...

    Was Mucky Minx Meghan Markle A ‘Yacht Girl’ For ‘Randy Andy’?

    Was Meghan Markle A ‘Yacht Girl’ For ‘Randy Andy’?
    As author Kirby Sommers suggests that the then Meghan Markle likely spent time with Prince Andrew and Jeffrey Epstein before she met Prince Harry, we again highlight the mucky, murkiness and mendacious manner of this alleged “yacht girl.”

    Ampika Pickston

    Ampika Pickston
    Oldham born divorcee and former glamour model Ampika Pickston describes herself as “feisty, fun loving and warm hearted”. Now based in Hale Barns, Cheshire...

    Harry Takes Hit – Pathetic Prince Harry’s Star Finally Sinks

    Harry Takes Hit – Prince Harry’s Star Finally Sinks
    In washing his dirty linen in public and claiming his brother hit and injured him, supposed war hero Prince Harry shows himself as nothing but a dopey drip suggests Matthew Steeples.

    Organic Vegetable Maxwell – Rotten-To-Her-Core Ghislaine Maxwell Moves Jail

    Organic Vegetable Maxwell – Ghislaine Maxwell Moves Jail
    As mucky madam Ghislaine Maxwell is moved to a low security prison in Florida where prisoners will supposedly likely “hate” her, PR peddler Jay Beecher’s ‘The Maxwell Files’ website bizarrely starts promoting organic vegetables in Sussex and lists stories about this anything but wholesome criminal as “recipes.”

    A MERRY Christmas Missive From Matthew Steeples 2022

    Merry Christmas 2022 Jeffrey Epstein Jeremy Clarkson
    Matthew Steeples wishes readers a very MERRY Christmas and also reminds that Jeffrey Epstein is a bit like that bauble on the tree that didn’t hang itself and suggests that the proverbial turkey Jeremy Clarkson should perhaps get a pass (though not a pardon).