Hedge fund titan Bill Ackman has found a buyer for his Central Park-facing co-op — last listed at a 30% loss

Bill Ackman, the billionaire hedge fund titan behind Pershing Square Capital Management, is in contract to sell one of his two Upper West Side apartments at 211 Central Park West, last listed at a significant discount. 

The three-bedroom, three-bathroom co-op, located in the iconic Beresford building, entered contract on April 18, according to the weekly market report released by Olshan Realty. However, as the sale has not yet closed, the final price to be paid isn’t available.

The buyer came after the unit’s asking price was slashed to $9.5 million from an initial $11.5 million. Ackman had acquired the unit in 2017 for $13.5 million — a record for the building at the time. 

Occupying nearly 3,000 square feet, the home is newly renovated, according to the listing. Features include 10-foot ceilings and Central Park views.

Details of the forthcoming owner are also not available.

Vivian Fischer of Sloane Square, one of the brokers who represented this listing in a co-exclusive, did not respond to a request for comment. 

The transaction is part of Ackman’s broader effort to streamline his Manhattan real estate portfolio. 

In November 2024, he listed the two apartments in the Beresford, a storied Art Deco landmark, for a combined $19.9 million. The pair, units 8E and 8F, were purchased eight years ago for a combined $22 million shortly after his divorce from landscape architect Karen Ackman. 

The second unit, 8E, remains on the market, listed at just under its $8.5 million purchase price. 

Ackman’s history with the Beresford runs deep. 

In 2006, he and Karen purchased a 17th-floor co-op in the building for $26 million. Following their separation, Ackman transferred that unit to Karen for $15 million in 2018, property records show. 

Now married to designer Neri Oxman, Ackman continues to hold other high-profile properties, including a $91 million, six-bedroom condominium at One57 on Billionaire’s Row, registered under a shell company, 57157 Co. LLC.

The sale comes as Ackman, whose net worth Forbes estimates at $8.9 billion, navigates a dynamic real estate market. This now-in-contract unit, boasting a gas fireplace and three walk-in closets, had been marketed as a luxurious retreat overlooking Central Park. 

He now lives on West 77th Street with Oxman after a years-long development project for a custom penthouse.