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East Hampton Pad Sells for Cool $60M

Hedge-funder Steven Cohen reportedly buys second property on Further Lane.

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.

MTK property owner March 29, 2013 at 03:20 PM
that's why i don't buy hedge funds
the owl March 30, 2013 at 01:34 PM
love the comment by MTK property owner..in 7 words, it says it all
Tlon March 30, 2013 at 02:29 PM
According to the Ny times, some in his firm have been found guilty of insider trading, and the govt is now investing one of his close associates and friend. He claims he didn't know anything...wonder if this has anything to do with the spending spree...

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