• 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
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Buyers & Sellers
A Deal at 850 Park, A Price Cut on North Moore
Buyers & Sellers
Mega Developer 'Quietly' Lists at 820 Fifth
• Real estate titan Ara Hovnanian and his wife Rachel have quietly listed their co-op at 820 Fifth Avenue. The 6,500-square-foot apartment, which happens to be former home of Tommy Hilfiger, can be yours for $36 million via broker Serena Boardman, provided you can pass muster with a board known for having the "strongest chins, highest noses and cruelest standards." [NYO]
• Developer Louis Cappelli and his wife, actress Kylie Travis, have put their apartment at 515 Park Avenue on the market. The 6,500-square-foot, 13-room, six-bedroom spread is priced at $29.5 million. [NYO, BHS]
• New York Mortgage Trust founder Steven Schnall and his wife Sherri have put their townhouse at 2 North Moore Street back on the market. The 11,000-square-foot behemoth is now listed for $33 million. [Curbed, Real Deal]









