Billionaire demolishes his $62 million dollar home in the Hamptons just to build another one

[Klyk21]

Billionaire hedge fund manager Steve Cohen tore down $62 million mansion
Fred Imbert | @foimbert
5 Hours AgoCNBC.com
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COMMENTSSteve Cohen did, according to the New York Post.

The newspaper reported Sunday that the founder of Point72 Asset Management tore down his mansion in the Hamptons "several weeks ago" so he could build a new one. Cohen had paid $62.5 million for the 10,000-square-foot home, the Post said.

Source: Doug Kuntz | The New York Times/Redux (l) | Hamptons Pix (r)
Steve Cohen's Hampton's house before and after.
The Post also said, citing plans filed in East Hampton, that Cohen's new house will feature a 9,700-square-foot first floor, a 4,620-square-foot second floor and a pool house.

A spokesperson for Cohen declined CNBC's request for comment.

Cohen recently made real estate news after cutting the asking price for his Manhattan penthouse to $72 million — $43 million below its original 2013 listing.

 

[the artist known az]

Didn't Seinfeld do that as well? Someone like that did it but it wasn't close to 62 million

 

[All Knowledge]

Most of that value is the land/location anyway.

 

[Field Marshall Bradley]

I'm sure most of that 62 mil was for the land......... sensationalized title..... news sites aint shyt

 

[Klyk21]

Didn't Seinfeld do that as well? Someone like that did it but it wasn't close to 62 million

Never heard of anyone doing this. Maybe an arson here or there but that dude just looked at his house like a fukking etch-a-sketch and started over

 

[Klyk21]

I'm sure most of that 62 mil was for the land......... sensationalized title..... news sites aint shyt

Did you not read the last sentence, dude obviously gives 0 fukks about money at this point

 

[Field Marshall Bradley]

Did you not read the last sentence, dude obviously gives 0 fukks about money at this point

Nah.. I didn't get that far

Cohen recently made real estate news after cutting the asking price for his Manhattan penthouse to $72 million — $43 million below its original 2013 listing.

 

[The God Poster]

Did you not read the last sentence, dude obviously gives 0 fukks about money at this point

That's fine but that has zero to do with the news story click bait title

 

[lowkey0z]

 

[the artist known az]

Never heard of anyone doing this. Maybe an arson here or there but that dude just looked at his house like a fukking etch-a-sketch and started over

It might not have been Seinfeld but there was a celebrity who bought a house in the Hamptons tore it down, and built it exactly how it was. I'll see if I can find it

 

[duncanthetall]

Never heard of anyone doing this. Maybe an arson here or there but that dude just looked at his house like a fukking etch-a-sketch and started over

Tigers ex wife did some shyt like that.

 

[Starman]

Any Coli brehs on the path to being a hedge fund manager?

 

[Action Mike]

breh just woke up one morning, took a look outside his balcony stepped on a dog toy like

went into the the bathroom and ran out of toothpaste like

went into the 6th living room, couldnt find the remote like

fukk itima bring this whole 62 million motherfukker down this afternoon