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• Socialite Debbie Bancroft (left) and her husband Billy have dropped the price of their full-floor apartment at 132 East 72nd Street by 15 percent. The home, which was occupied by George Gershwin in the 1930s, is now priced at $1.675 million. [WSJ, BHS]
• Lifestyle guru, celebrity party planner, and Oprah BFF Colin Cowie has paid $4.5 million for two unfinished 1,400-square-foot units at The Emory on West 19th Street. [WSJ]
• Ross Heller, a managing director at NewOak Capital, and his wife Yael, paid $3.75 million for a three-bedroom condo at 60 Beach Street. [Cityfile]