Bill Ackman-linked executive buys new Upper East Side condo

A buyer with ties to hedge fund billionaire Bill Ackman has snagged an Upper East Side condo.

Shell company 200 North View bought the 2,500-square-foot home at a newly-developed tower at

East 75th Street and Third Avenue from the building’s sponsor, EJS Development, according to a

deed that appeared in the city register Tuesday. The sale price was $6.7 million, the deed said.

Signing for the buyer was Andrea Markezin, the longtime president of Table Management, the

limited partnership that for years has handled Ackman’s personal and family investments, including

residential real estate.

Markezin also serves as treasurer of Pershing Square Philanthropies, the charitable grant-maker

founded by Ackman, who also serves as a trustee of the organization.

The deal for the four-bedroom, four-and-a-half-bath corner unit went into contract May 30, 2024, and

closed Nov. 12. It features a combined living and dining room with an open kitchen, and a primary

suite with two walk-in closets.

There was a lag between contract and closing because the project was under construction until

recently. The building, which has 35 residences across 18 stories, got a green light in October from

the Department of Buildings to allow buyers to start moving in, according to the real estate analytics

site Marketproof.

EJS, which is headed by former real estate lawyer Ted Segal, expects a $287 million sell-out at the

condo, which has unloaded 31 of its 35 homes, or 89%, since starting sales in March 2024, based

on Marketproof data.

The apartment seems small-scale by Ackman’s standards—among the several homes he has

owned in Manhattan is a unit at a Billionaires Row spire that sweeps across 14,000 square feet and

cost him $92 million in 2015. Whether Ackman will live there, or if the unit will instead perhaps

become home for a family member, is unknown. An email to Pershing Square Philanthropies

seeking an interview with Markezin was not returned by press time.

Ackman, who founded and is CEO of the hedge fund Pershing Square Holdings, is known as an

activist investor. Such investors buy shares in companies they believe are mismanaged and

aggressively push to reinvent them.

But he has made headlines in recent months for no longer backing Democrats and instead throwing

his support to Pres. Donald Trump, a Republican, for his pro-Israel policies.

Ackman, who has an estimated net worth of $9 billion, also made one of the largest donations to a

political action committee opposing mayor-elect Zohran Mamdani during his campaign, cutting a $1

million check in October. Ackman also regularly warned about the perils the city would face if it

elected a democratic socialist like Mamdani.

But after Mamdani handily won his election in November, Ackman seemed to reverse course, telling

Mamdani through social media, “Let me know what I can do.”

Founded in 2006, Pershing Square Philanthropies $404 million in net assets in 2023, according to its

most recent nonprofit tax return. Recipients of its grants have included several cancer research

groups; arts organizations like Hudson Yards’ Shed’ and the Central Park Conservancy, based on

the return.