Photo: Business Insider
Pershing Square’s Bill Ackman is selling his 100-acre estate in Chatham, New York, DealBreaker reported.The activist investor picked up the estate for $3.2 million in 2003 and spent $1.5 million renovating it—so if it sells for the $5 million price, he basically breaks even.
As always, Ackman is making a good sell—he told DealBreaker that the place has “really good investing karma” and that he came up with some of his best investment ideas in the house.
The estate itself also boosts views of the Catskill Mountains, a lake and a pool. The house has its own home theatre, 4 bedrooms, a gym and a conservatory.
If you’re interested, better swipe it up quickly—it’s listed by Corcoran. Ackman told Dealbreaker that he intends to donate the estate to Harvard, where he attended for undergrad and business school, if he does not find an adequate buyer.