Billionaire William Ackman Revealed to be One57 Penthouse Buyer

Written By Aby Thomas | May 20, 2013
William ackman one57 penthouse

The penthouses at One57 have been the stuff of lore in the Manhattan real estate sector—everything about these luxury residences, be it their expansive spaces or their stunning views, have been praised and lauded in the past couple of months. Of course, the prices of these penthouses were responsible for most of this buzz in the market—given that these apartments were listed for more than $90 million, there’s been a lot of speculation about who were the mystery buyers of the duplex penthouses at One57.

Last week, the Wall Street Journal revealed one of the One57 penthouse buyers—a report in their MoneyBeat blog said that a group of investors led by billionaire hedge fund manager William Ackman is now in contract to buy a 14,000-square-foot penthouse on the 75th and 76th floors of the building. Ackman, whose net worth has been estimated by Forbes to be about $1.2 billion, has reportedly bought the apartment as an investment, and doesn’t plan to move into the sprawling penthouse anytime soon.

Ackman currently lives at an apartment at The Beresford on the Upper West Side, which he bought in 2006 for $26 million. Besides the One57 penthouse and his Beresford residence, Ackman is also the owner of homes in Bridgehampton, Long Island and Chatham in upstate New York. Ackman is currently trying to sell his home in Chatham, and is asking $3.8 million for his 100-acre home that also contains a movie theater, a tennis court and a 75-foot swimming pool. (Ackman had previously listed the home for $5 million.)

We have to admit that we are more than a little puzzled by Ackman’s decision to not move into the penthouse at One57. The six-bedroom apartment is one of the most desirable pieces of real estate on the market, and one would think that the owner would reside (at least for a while!) in this stunning home. The apartment looks out to Central Park, and having had a glimpse of what that view looks like, we hope that Ackman reconsiders and does indeed try living at One57—we’d certainly love to hear what that feels like!


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