East Hampton Pad Sells for Cool $60M

Steven A. Cohen, who leads the hedge fund SAC Capital Advisors, reportedly dropped $60 million for an oceanfront property on Further Lane in East Hampton, according to The New York Times. 

Cohen, who owns a house nearby on the same street, inked the deal last week, around the same time he put his Manhattan duplex on the market for $115 million, which if sold at that price would be the most expensive apartment sale in the city's history. 

Cohen seems to be on a spending spree this week. Cohen also reportedly purchased Picasso's “Le Rêve” for $155 million, The Times reports. 

The new house is reportedly 10,000 square feet on seven acres with a tennis court and a pool.

Sotheby's International Realty's Ed Petrie had the exclusive listing. 

For the entire article in The New York Times, click here.