Billionaire investor Bill Ackman is listing a pair of luxury apartments located in the iconic Beresford building on Central Park West for a collective price of $19.9 million, a move that could result in a financial loss from their original purchase prices. Ackman's intentions to sell his two side-by-side three-bedroom units in this renowned Upper West Side co-op appear straightforward, with individual prices for each apartment set at $8.4 million for No. 8E and $11.5 million for No. 8F, as reported by Crain's New York Business. Each unit spans about 2,900 square feet and, while not officially combined, can be purchased as a single expansive space.
The listings reveal that No. 8E requires some modernization, but prospective buyers are invited to consider approved plans to merge it with 8F, which boasts amenities like a working gas fireplace, a breakfast nook with park views, and a sizable primary bedroom adorned with multiple closets. Notwithstanding an appreciation for its assets, Ackman seems willing to accept a loss from the cumulative $22.1 million he shelled out for these apartments—a purchase made amid his marital separation, as detailed by an article from The Real Deal.
The duplexes at 211 Central Park West showcase some of the Beresford building's best features, like 80 feet of Central Park frontage, which promises sweeping views of Manhattan's treasured green space. Potential homeowners will also find value in the Beresford's amenities, including a 24-hour doorman, fitness center, and bike storage, which augment the home's conveniences such as a computerized lighting system, electric window shades, laundry room, and refrigerated wine storage.
Beyond the Beresford, Ackman's real estate portfolio in New York is nothing short of impressive, including an ownership stake in a six-bedroom condo on Billionaires Row that he acquired for $91.5 million. He also engaged in a notable real estate battle for a penthouse on West 77th Street, a saga that resulted in a $22.5 million buy after approval from the city's Landmarks Preservation Commission. With such a diverse array of properties within the Gotham skyline, Ackman's decision to part with a piece of the Beresford seems less of an exit and more a strategic shuffle in an already substantial collection of homes.
Agents for the properties have been relatively mum on the listing. Deborah Kern with The Corcoran Group, one of the brokerages representing the properties, declined to comment on the sale. Inquiries with Pershing Square's press office have yet to be returned. Whether these luxurious pads will fetch their asking price, or a bargain hunter will score a deal, remains to be seen in the ever-unpredictable Manhattan real estate market.
