Bill Ackman put his two New York City apartment buildings on the market Thursday for a multimillion-dollar loss, according to reports.
A billionaire hedge fund manager is unloading two luxury apartment buildings on Manhattan's Upper West Side for $19.9 million — years after he spent $22 million on them, according to New York magazine. Real estate website Curbed.
Mr. Ackman, founder and chief executive officer of Pershing Square Capital Management, cut the check for apartments 8E and 8F in the Beresford Building at 211 Central Park West in 2017. According to Mansion Global.
The two apartments are each 3,000 square feet and feature three bedrooms, three bathrooms, and a living room with park views.
According to Curbed, one apartment is listed for an even higher price, likely due to extensive renovations, including a new kitchen and a bathroom with a glass shower overlooking the park.
Pershing Square did not respond to a request for comment.
The 1929 Beaux-Arts luxury co-op, designed by Emery Roth, is home to celebrities including journalists Diane Sawyer and Brian Williams and comedian Jerry Seinfeld, according to the report.
According to Mansion Global, Ackman bought adjoining apartments that share a landing and can be combined to live closer to his children, who lived with his ex-wife on the upper floor of the $26 million duplex. He said he purchased it.
The hedge fund boss had sold the 17th and 18th floor co-op to former landscape architect Karen Ann Herskovitz for $15 million after the split. Real estate news site TheRealDeal It was reported in 2018. The two have been married for 25 years.
Ackman, who has a net worth of $8.9 billion according to Forbes, has since built rooftop penthouses in glass skyscrapers, including a Norman Foster-designed pad on 77th Street and a $91 million excavation on 57th Street. Curved newspaper reports that he is interested in.
Curbed suspects that Ackman may have left some of the artwork, including a 1952 oil painting by Jan M., in the apartment where it was set.üIn the living room of 8E.
A staunch ally of President Trump, Ackman expressed support for the anti-DEI movement and criticized university leaders for their handling of explosive pro-Palestinian protests on campus.
A Harvard graduate publicly called on his alma mater to fire then-President Claudine Gay, accusing her of failing to crack down on anti-Semitism on campus.
