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Tory Burch has a new place to call home in Southampton. The fashion designer/socialite has closed on the deal to buy the late Howard Gittis' 14-acre estate on Ox Pasture Lane. The 14-acre property, which Burch went into contract to buy in September, sold for $32.5 million. (Update: The Post has since corrected its story and now says Burch is "only" buying part of the property for $16 million; an "unnamed neighbor" is buying the rest for $16.5 million.) Meanwhile, Burch's former home on Meadow Lane is still on the market for $17.9 million, if you're interested. [NYP]
• Walter Cronkite's former apartment at the UN Plaza has gone into contract just a month after it went on the market. The two-bedroom co-op had been listed most recently for $2.995 million. [Curbed, FRG]

• Cortney and Bob Novogratz have taken more than $5 million off of the price of their five-bedroom townhouse at 400 West Street. The 22-foot-wide home, which went on the market for $25 million, is now listed for $19.95 million. [Curbed, PDE]
• The apartment that TV legend Dick Cavett occupied while his new apartment on Central Park West was undergoing renovations this summer is up for rent. The two-bedroom apartment at 111 Central Park North is available for $11,000 a month. [NYM, Corcoran]