Patricia Kennedy Lawford and One Sutton Place South (Building photo source: PropertyShark)
Scott Bessent, who founded the Bessent Capital hedge fund, has taken a major hit on his duplex co-op on the Upper East Side. Bessent, best known as a protégé of famed economist and investor George Soros, reportedly purchased the home at One Sutton Place South between 57th and 56th streets for $12 million two years ago. In October last year, the home, which once belonged to Patricia Kennedy Lawford, younger sister of John F. Kennedy, went up for sale with an asking price of $12.5 million. After languishing on the market for a year, the home just sold this month, Cityfile reports, with a closing price of $9.5 million.