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Hedge Fund Billionaire Steven A. Cohen Slashes Price of Manhattan Duplex Penthouse Again

$67.5 million price tag is now $47.5 million less than the original listing price

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Hedge fund billionaire Steven A. Cohen cut the price of his One Beacon Court penthouse to $67.5 million.

Composite: Getty Images
Hedge fund billionaire Steven A. Cohen cut the price of his One Beacon Court penthouse to $67.5 million.
Composite: Getty Images

Hedge fund billionaire Steven A. Cohen is making another attempt to offload what’s been called his “jinxed” Manhattan penthouse. Last week, he conceded another $4.5 million from the April asking price of $72 million.

The new $67.5 million tag is a lofty $47.5 million less than the original asking price of $115 million in April 2013, when Mr. Cohen first put his One Beacon Court duplex penthouse on the market.

The 9,000-square-foot apartment atop Bloomberg Tower, located at 151 E.58th St., has five bedrooms, six-and-a-half bathrooms, boasts 24-foot-high walls of windows and offers sweeping views of Central Park and downtown, according to the listing.

The duplex was designed by Charles Gwathmey, who is most famous for his renovation of Frank Lloyd Wright's Guggenheim Museum in New York City. The apartment features maple floors, Anigre Wood and stainless steel throughout. An in-home Crestron System with touchpads is built into every room to control lighting, temperature and electronic window shades.

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But the pricey penthouse has failed to attract any buyers in the past three-and-a-half years, even after several rounds of price chops, leading Vanity Fair, Artnet and other media to call the property “jinxed.”

In December 2013, Mr. Cohen, 60, the founder of hedge fund SAC Capital and an ardent art collector, slashed $17 million off the price, offering the penthouse at $98 million. He would drop the price again to $82 million and $79 million before taking it off the market last December. It was relisted earlier this year, in April, for $72 million.

Mr. Cohen was furious and blamed his broker, according to a New York Post report at that time. But “the lack of a buyer might be because some feel the place might have some bad karma or be jinxed because of his SAC troubles,” one source told the Post.

In November 2013, SAC Capital pleaded guilty to securities fraud and paid a record $1.8 billion fine to settle insider-trading charges. Mr. Cohen himself reached a settlement with the SEC on the civil charge earlier this year, in which he is barred from managing money for outside investors until 2018.

Forbes ranked Mr. Cohen as the 31st richest person in America for 2016, with a net worth estimated at $13 billion.

Mr. Cohen owns a few other major properties, including a sprawling Connecticut estate; an East Hampton mansion he bought in 2013 for $62.5 million; a $23.4-million apartment at the Abingdon in Manhattan’s West Village; and a nine-bedroom Beverly Hills mansion that was listed in 2015 for $35 million, according to published reports.

Listing agents of the property from Douglas Elliman declined to comment.

Write to Fang Block at fang.block@dowjones.com