Hedge Funder Buys Out Veronica Hearst
Hedge fund manager Chase Coleman and his wife Stephanie have gone into contract on the sixth-floor, full-floor spread at 4 East 66th Street, the apartment that socialite Veronica Hearst was forced to put on the market to pay off her mounting debts. It's unclear how much the Julian Robertson protégé paid for the lavish spread since it was never formally put on the market, but rumors back in April suggested that Hearst was prepared to part with it for around $30 million. (The apartment, which Veronica inherited from her late husband, billionaire publishing heir Randolph Hearst, was also home to her daughter Fabiola Beracasa until recently.) Of course, a big bucket of cash wasn't all Coleman needed to get past the notoriously finicky co-op board, which once denied admission to billionaire financier Ron Perelman. Prospective buyers in the building that Sid and Mercedes Bass, Alan Greenberg, and Lew Sanders live in are expected to have at least $100 million in liquid assets to pass muster. We're guessing that wasn't a problem for Coleman, considering he's estimated to have taken home between $350 and $400 million in 2007. Although Chase and Stephanie will no doubt renovate the place to their tastes, you can see what it looked like when Veronica was ruling the roost after the jump.
