"After five months on the market and a $10 million price cut, billionaire Steve Cohen found a buyer for his Beverly Hills residence. The pending deal comes as the New York Mets owner looks to remake 50 acres of parking into an $8 billion casino complex next to Citi Field in New York. The project, called Metropolitan Park, is vying for a state gaming license."
"Meanwhile, Cohen's residence at 901 Oxford Way, which is listed for $35 million, was last week's top home to go into contract based on asking price, according to the Eklund Weekly Luxury Report Los Angeles. The listing equates to $2,764 per square foot. That's discounted from the $45 million, or $3,553 per square foot, the home was asking back in May. Cohen, the founder of S.A.C. Capital Advisors and Point72 Asset Management, bought the residence in 2015, according to Forbes."
"The nine-bedroom, 13-bathroom home spans 12,700 square feet. It's close to the Beverly Hills Hotel. Among the home's many amenities are a living room bar, elevator, private space to take meetings, waterfall, spa, game room and underground parking. Compass' Ginger Glass has the listing. It was a big week for Glass, who also holds the listing of Los Angeles County's second-largest home to go into contract, along with Compass' Alexandra Glass."
Steve Cohen's Beverly Hills residence at 901 Oxford Way went into contract after five months on the market and a $10 million price reduction, now listed at $35 million. The listing equates to $2,764 per square foot, down from a $45 million asking price in May. The nine-bedroom, 13-bathroom home spans 12,700 square feet and is near the Beverly Hills Hotel, with amenities including a living room bar, elevator, meeting space, waterfall, spa, game room and underground parking. Property records show ownership through a Delaware LLC tied to Point72, and Compass' Ginger Glass holds the listing. Separately, a 1535 Blue Jay Way estate listed just under $27 million also went into contract.
Read at therealdeal.com
Unable to calculate read time
Collection
[
|
...
]