Bill Ackman sells Central Park-facing home he hasn't used in years for $9.43M — a nearly $4M loss
The billionaire hedge funder behind Pershing Square Capital Management just sold a Central Park West dwelling in one of the city's most famous co-ops for $9.43 million, according to city records.
Ackman paid $13.5 million for the park-facing three-bedroom in 2017 — a then-record for the Beresford, an Art Deco landmark. The unit entered contract this April about a month after its asking price was slashed from $11.5 million to $9.5 million.
The heavily discounted deal cleaves off one half of Ackman's holdings at the building, located at 211 Central Park West. The sale was first reported by the Real Deal.
6 Bill Ackman, pictured in June.
Getty Images
6 The Beresford building is a coveted address along Central Park West.
Alexandre – stock.adobe.com
Despite selling at a loss, Ackman told The Post he's satisfied with the deal.
He said he bid high for the off-market three-bedroom in 2017 in order to live near his children. He snapped up an $8.6 million unit across the hall just one month later. Both acquisitions took place shortly after Ackman's divorce from landscape architect Karen Ackman.
Ackman listed both of his eighth-floor units last November — to purchase separately or together — for a combined $19.9 million. The second unit remains on the market for $8.25 million.
Ackman added it's been about seven years since he lived at the iconic address. Other high-profile buyers in the co-op, located between West 81st and West 82nd streets, have included Jerry Seinfeld, Glenn Close and Diana Ross.
6 The living room boasts a gas fireplace and gracious Central Park views.
Sloane Square
6 The modern, eat-in kitchen.
Sloane Square
The recently sold three-bedroom unit spans roughly 3,000 square feet and features an eat-in kitchen, a gas fireplace and enviable views of Central Park. Its neighboring unit claims the same rarified views, and also enjoys 'spectacular' light from 81st Street, Ackman said.
Ackman's history at the Beresford goes back to 2006, when he and his ex-wife purchased a 17th floor co-op there for $26 million. That unit was transferred to Karen Ackman for $15 million in 2018, property records show.
6 A spacious bedroom.
Sloane Square
6 The Beresford, seen from Central Park in autumn.
Francois Roux – stock.adobe.com
Now married to designer Neri Oxman, Ackman continues to hold several trophy properties across Manhattan, including a $22.5 million, 13-bed penthouse on West 77th Street and a $91.5 million penthouse at the Central Park-facing One57 on Billionaires' Row.
Corcoran's Deborah Kern and Sloane Square's Vivian Fisher repped Ackman in the Beresford deal, and continue to hold the listing for the remaining unit.
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