• Clive Davis is spreading out at the Ritz Tower. The legendary music exec, who already lives in a duplex on the 36th and 37th floors, paid $1.125 million for a two-bedroom apartment in the Park Avenue building. [Cityfile]
• Richard Bressler, Viacom's former CFO and a now a partner at Thomas H. Lee Partners, has unloaded his duplex at 850 Park. The five-bedroom co-op, which Bressler purchased for $9.75 million in 2005 and put on the market for $13.5 million in March, sold for $11.4 million. [Cityfile]
• Two months after Bruce Ratner sold his Montauk estate for $10 million, the real estate developer has picked up a more modest weekend retreat in Long Beach. Ratner paid $2 million for the three-bedroom oceanfront home. [NYO]More
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Buyers & Sellers
Clive Davis Buys; Ex-Viacom CFO Sells
Buyers & Sellers
Billy Joel Lists in Sagaponack
• Billy Joel is looking for a buyer in Sagaponack. Now that he and wife Katie Lee Joel are splitting up, the singer is planning to sell the two oceanfront properties he bought for her in 2007. The four-bedroom mansion (No. 1) and smaller beach bungalow (No. 2) will be listed with Corcoran's Biana Stepanian for a combined $35 million. [NYP]
• Richard Bressler, the former CFO of Viacom and now a managing director at the private equity firm Thomas H. Lee Partners, went into contract to sell his duplex at 850 Park last month. Now he's picked up a new place. Bressler paid $7.15 million for a four-bedroom condo at 170 East End Avenue. [Cityfile]
• Mariann Florio, the widow of former Condé Nast CEO Steve Florio, has paid $1.65 million for a three-bedroom apartment at 235 East 73rd Street owned by former Bear Stearns exec Leo Tilman. She's still trying to sell her vacation home in Key Largo, Florida, which has been on the market for $8.9 million since last October. [Cityfile]
Buyers & Sellers
A Deal at 850 Park, A Price Cut on North Moore
• Richard Bressler, a managing director at the private equity shop Thomas H. Lee Partners and the former CFO of Viacom, has gone into contract to sell his duplex at 850 Park. The five-bedroom apartment, which Bressler purchased for $9.75 million in 2005, had been on the market since March and had been priced most recently at $13.5 million. [Cityfile, Corcoran]
• Mortgage company founder Steven Schnall and his wife Sherri have dropped the price of their massive townhouse at 2 North Moore Street less than three months after putting it back on the market for $33 million. The 11,000-square-foot mansion is now listed with Deborah Grubman for the bargain price of $29 million. Get it while it's hot! [Cityfile, Corcoran] More









