Bill Ackman lists NYC apartments at multimillion-dollar loss: report

Bill Ackman on Thursday listed two of his New York City apartments for sale at a multimillion-dollar loss, according to a report.The billionaire hedge fund manager is seeking to unload two swanky apartments on Manhattan’s Upper West Side for $19.9 million – years after he spent $22 million on the pair, according to New York magazine’s real-estate website Curbed.Ackman, the founder and chief executive of Pershing Square Capital Management, in 2017 cut a check for apartments 8E and 8F located in The Beresford building at 211 Central Park West, according to Mansion Global. The two apartments are each 3,000 square feet with three bedrooms, three baths and a living room with a view of the park.One apartment is listed for more, likely because of extensive renovations including a new kitchen and a bathroom with a glass-walled shower overlooking the park, according to Curbed.Pershing Square did not immediately respond to a request for comment.The 1929 Beaux Arts luxury co-op, designed by Emery Roth, has been home to celebrity residents including journalists Diane Sawyer and Brian Williams and comedian Jerry Seinfeld, the report said.Ackman bought the side-by-side apartments – which share a landing and can be combined – to stay close to his children, who lived with his ex-wife in the $26 million duplex upstairs, according to Mansion Global. The hedge fund boss had sold the co-op on the 17th and 18th floors to his ex, landscape architect Karen Ann Herskovitz, for $15 million after their split, real estate news site TheRealDeal reported in 2018.

The two were married for 25 years.Ackman, who has a net worth of $8.9 billion according to Forbes, has since acquired a taste for rooftop penthouses atop glassy skyscrapers – including his Norman Foster-designed pad on 77th Street and his $91 million digs on 57th Street, according to Curbed.Curbed suspected Ackman had left some of his art behind in the staged apartments, including a 1952 oil painting by Jan Müller in th...