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Apparently Cohen is done with Further Lane. 2013-03-28T13:02:00Z The letter F. An envelope. The old house was about 10,000 square feet. There was also a lofty, barn-style family room, a media room and a large master suite with ocean views.Cohen already owns another beach mansion down the road on Further Lane, which he bought for $18 million.Cohen bought the stately 7-acre oceanfront estate at 52 Further Lane in East Hampton as the feds were closing in on his company, SAC Capital Advisers, over allegations of insider trading.The new house will feature a 9,700-square-foot first floor, while the second floor will be 4,620 square feet, and the basement will be 9,780 square feet, according to plans filed in East Hampton.
Steve Cohen, the SAC Capital founder, has responded to the SEC's charges that he ignored "red flags" indicating that his traders were up to no good. Check this out.And here is what the mansion looked like just a couple weeks ago:Get this delivered to your inbox, and more info about our products and services.Got a confidential news tip?
Earlier this year, as the feds circled, Mr. Cohen reportedly paid $60 million for a 10,000-square-foot estate on Further Lane, one of the poshest addresses in the Hamptons, a few blocks down the road from his other Further Lane property. Hamptons Scene: Seinfeld in Tie, Steve Cohen, Kardashian Amanda Gordon , LISTEN TO ARTICLE. In 2007, Mr. Cohen bought a home there on Further Lane, one of the Hamptons’ most desirable addresses because of its water views, for about $18 million. Billionaire Steve Cohen plunked down $62.5 million for a Hamptons mansion during a bidding war in 2013, but he never lived in it — and now he’s torn it down to build a new one. REUTERS/Steve Marcus Steve Cohen hasn't even had the house for a full year, but he's already selling the East Hampton mansion he bought in March for $62.5 million, says the New York Observer. You gotta feel for Steven A. Cohen. 3:32. First the SEC bugs him, then his former wife gets all whiny, then East Hampton gets all up in his grill about his fence, and now the town tells him his new Further Lane house can’t exceed the footprint of the one he went all David Tepper on.. He has slashed the price from $115 million in 2013 to its current $72 million.The veteran epidemiologist reveals his one big lesson from the COVID-19 pandemic — and why he won’t fly or eat out.It must be nice to be this rich.He had to shut down the firm and pay $616 million in fines. Check this out. SHARE THIS ARTICLE.
Source: Doug Kuntz | The New York Times/Redux (l) | Hamptons Pix (r)
A few things about the house: It's on 52 Further Lane, has a pool, tennis court, media room etc. Ever wonder what a destroyed house in the Hamptons looks like? There’s also a pool house.Meanwhile, Cohen is still trying to sell his penthouse at One Beacon Court in Midtown. Billionaire Steve Cohen Angers East Hampton Neighbors with a Six-Foot Fence ... [in the Hamptons], and it would always be in Southampton, Water Mill, or Bridgehampton,” says Hearst.