Bill Ackman in Deal to Buy New York Penthouse for $90 Million: Report

Bill Ackman
David Grogan | CNBC
Bill Ackman

A group led by hedge-fund manager Bill Ackman is in contract to buy a new Manhattan penthouse apartment for more than $90 million, according to a report by Dow Jones.

That appears to set a record for a residence in the city, topping the $88 million Russian billionaire Dmitry Ryboloblev paid for the penthouse owned by Sandy Weill, the former Citigroup chief.

Dow Jones said, however, that Ackman won't be moving into the 11,000-square-foot apartment on the 89th and 90th floors of One57, a new luxury apartment building under construction by Extell Development.

The 90-story tower, a short distance from Carnegie Hall, overlooks Central Park. The developers bill it as an "iconic transformation of the New York skyline."

During Hurricane Sandy last October, a crane on the building's top floor was knocked loose and dangled high above the street for days, closing several blocks to traffic and prompting some evacuations.

Ackman's Pershing Square Capital has drawn attention for its big investment in J.C. Penney and its massive bet against Herbalife.

Victor J. Blue | Bloomberg | Getty Images

Ackman has called Herbalife a pyramid scheme, a charge denied by CEO Michael Johnson, while activist investor Carl Icahn has backed the company and bought a stake of more than 16 percent.

The two men confronted each other in January during in a dramatic, insult-filled live telephone call on CNBC's "Fast Money Halftime Report" with Scott Wapner.

Contact Real Estate


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.
  • Diana Olick

    Diana Olick serves as CNBC's real estate correspondent as well as the editor of the Realty Check section on CNBC.com.

Home prices and supply map

  • Track the latest moves in sales, prices and inventory in some of the largest housing markets across the country.

Latest Special Reports

  • Tips on the best-performing portfolio strategies and global market trends that can help you become a smarter investor.

  • Financial Advisor

    Some investors turn to advisors for career planning. A look at how FAs help clients assess talent, skills and training.

  • Trading Nation

    Trader Nation is not simply about finding that next trade -- it is a place where traders trade better together.