Billionaire Hedge Fund Manager Sells Luxurious NYC Apartments at a Loss

<img src="https://nypost.com/wp-content/uploads/sites/2/2024/11/211-central-park-west-apt-93894304.jpg" alt="The living room area in apartments 8E and 8F in The Beresford." >

Bill Ackman, the CEO of Pershing Square Capital Management, recently listed two of his Upper West Side apartments for sale at a significant loss. He initially purchased the apartments in 2017 for $22 million, but is now seeking $19.9 million for the pair. Located in the prestigious Beresford building at 211 Central Park West, these 3,000 square foot units boast three bedrooms, three bathrooms, and breathtaking Central Park views.

<img src="https://nypost.com/wp-content/uploads/sites/2/2024/11/211-central-park-west-apt-93894308.jpg" alt="The bathroom overlooking Central Park in apartments 8E and 8F in The Beresford." >

One apartment commands a higher asking price due to extensive renovations, including a new kitchen and a glass-walled shower with a park view. Ackman originally bought the adjacent apartments, which share a landing and could be combined, to be near his children who lived with his ex-wife in a $26 million duplex above. He later sold this duplex to his ex-wife after their divorce.

<img src="https://nypost.com/wp-content/uploads/sites/2/2024/11/211-central-park-west-manhattan-93891741.jpg?w=683" alt="The Beresford building at 211 Central Park West." >

The Beresford itself is a legendary building, a 1929 Beaux Arts co-op designed by Emery Roth and home to several celebrities. Interestingly, Curbed speculates that Ackman might be leaving some of his art collection, including a 1952 Jan Müller painting, in the apartments.

<img src="https://nypost.com/wp-content/uploads/sites/2/2024/11/2023-ackman-october-said-covered-93891668.jpg?w=1024" alt="Bill Ackman speaks for episode of &quot;The David Rubenstein Show&quot; on Nov. 28, 2023." >

This sale marks a shift in Ackman’s real estate preferences, as he has since shown a penchant for penthouses in modern skyscrapers. This news comes amid Ackman's public criticisms of Harvard University, calling for the then-president's firing.