Photo: Business Insider
A poker champion and hedge fund owner’s Fifth Avenue condo is now off the market.Daniel Shak, founder of SHK Asset Management, sold his 2,458 square feet apartment for $7.475 million about two weeks ago after nearly 9 months on the market. Shak listed his 3 bedroom Upper East Side dwelling for sale in January; he and then-wife Beth bought the condo for 7.2 million in 2005, according to curbed.com.
The place comes with a full-range of perks, including two terraces with views of Central Park, surround sound throughout the apartment and mahogany doors.
Shak turned heads earlier this year when he offloaded all of his gold contracts, worth nearly $850 million and a 10% share of the main U.S. futures market. The huge sell threw the whole gold market off its axis, and sent investors into a panic.
The move also caused Shak to go nearly $7 million in the red. And though the most recent condo deal may offset that loss, Shak put his apartment on the market before his big sell and said the two actions had no relation to each other.
Shak lives in Las Vegas and also owns a home in the Hamptons – this posh abode may not be dearly missed.