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Steve Cohen tears down Hamptons manse he bought for $62.5 Million

52-Further-Road-Steve-Cohen

Hedge fund billionaire Steve Cohen’s 10, 000-square-foot East Hampton mansion apparently just wasn’t to his taste.

The financier, whose SAC Capital Advisors was busted for insider trading in 2013, recently tore down the house, at 52 Further Lane, which he bought for $62.5 million that same year, the New York Post reported.

The new home will have a 9, 700-square-foot first floor, with a basement around the same size. It’ll have just over half that space, 4, 620 square feet, on the second floor, according to new building plans seen by the Post.

Cohen, as it happens, also owns another beachfront mansion on Further Lane, that he bought for $18 million.

Read the full story at The Real Deal, by Ariel Stulberg

 

READ MORE: Steve Cohen’s Real Estate

 

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