realestate

Bill Ackman offloads Central Park mansion for $9.43M, incurring nearly $4M loss

Luxury residence in iconic Beresford co-op on Central Park West asks $9.5 million after price cut.

B
illionaire investor Bill Ackman has parted ways with a Central Park West apartment in the iconic Beresford co-op, selling it for $9.43 million to an unknown buyer. The sale marks a significant reduction from the $13.5 million Ackman paid for the three-bedroom unit in 2017, which was then a record price for the building.

    Ackman's decision to sell comes after he listed both his eighth-floor units at the Beresford last November for a combined $19.9 million. The sale of one unit leaves him with another across the hall, still on the market for $8.25 million. Ackman has stated that he is satisfied with the deal, citing his desire to live near his children as the reason for initially bidding high in 2017.

    The Beresford, located between West 81st and West 82nd streets, boasts a coveted address along Central Park West. Other notable residents have included Jerry Seinfeld, Glenn Close, and Diana Ross. Ackman's own history with the building dates back to 2006, when he purchased a co-op there for $26 million.

    Ackman continues to hold several high-end properties across Manhattan, including a $22.5 million penthouse on West 77th Street and a $91.5 million penthouse at One57 on Billionaires' Row. Corcoran's Deborah Kern and Sloane Square's Vivian Fisher represented Ackman in the sale of his Beresford unit.

Bill Ackman sells Central Park mansion for $9.43M, incurring significant financial loss.