A New Listing at 640 Park; A Price Cut on 76th St.

cityfile · 09/24/09 07:36AM

• Retired Lazard Frères partner Peter Smith (and the father of publicist/girl-about-town Bettina Prentice) has listed his 17-room apartment at 640 Park, the building that was home to former Lehman chief Dick Fuld until he sold his apartment last month for $25.87 million. The full-floor residence (above) is listed with Kathy Sloane of Brown Harris Stevens for $26 million. [NYP, BHS]
• Real estate investor Adam Gordon has dropped the price of his West 76th Street townhouse. The 10,500-square-foot manse, which hit the market for $25 million last November, is now listed for $23.5 million. [Cityfile, Corcoran]

Fuld Seals the Deal at 640 Park

cityfile · 08/21/09 07:44AM

• A rare bit of good news for former Lehman chief Dick Fuld and his wife Kathy! The couple have closed on the sale of their 6,200-square-foot co-op at 640 Park Avenue, albeit for quite a bit less than they were hoping to make on the sale. After originally putting the apartment on the market for $32 million in May, the couple ended up selling it for $25.87 million. The lucky buyer? Glenn Fuhrman, the co-founder of MSD Capital, Michael Dell's investment fund. [Real Deal]
• Celebrity hairstylist Orlando Pita bought a condo at 101 Warren Street last September. Now he's unloaded his former co-op at 2 Fifth Avenue. The two-bedroom pad, which Pita first put up for sale in '07, sold for $2.95 million to Razorfish co-founder Craig Kanarick and his wife, Rebecca Odes. [Cityfile]

Fuld Gets an Offer, Mnuchin Lists in East Hampton

cityfile · 06/04/09 07:27AM

• It looks like former Lehman chief Dick Fuld and his wife Kathy might unload their co-op at 640 Park Avenue, after all. The Fulds have reportedly received an offer "in the $27 million range" for the 6,200-square-foot spread—which they listed for $32 million last month before taking it off the market a week later—although they've yet to decide whether to accept the bid. [NYP]
• Robert J. Katz, Goldman Sachs's former general counsel, has paid $7.525 million for a three-bedroom, 16th-floor apartment at 860 Fifth Avenue. The seller was jewelry designer Jean Vitau and his wife Irene. [Cityfile]
• Alan Mnuchin—the former Bear and Lehman banker, founder of AGM Partners, son of Bob Mnuchin, and brother of IndyMac CEO Steve Mnuchin—has put the six-bedroom home he shares with wife Kimberly on East Hampton's Hither Lane up for sale for $17.5 million. [Newsday, Sotheby's]

Dick Fuld Flip-Flops, Bella Sapir Flips

cityfile · 05/22/09 07:35AM

• That was quick. On Tuesday, it was reported that former Lehman chief Dick Fuld and his wife Kathy had unofficially put their 6,200-square-foot pied-à-terre at 640 Park on the market for $32 million. But now it seems the Fulds have changed their minds and decided against selling it. Better luck in 2010? [WSJ]
• Bella Sapir, the ex-wife of billionaire (and endangered animal skin fan) Tamir Sapir has sold the penthouse at 250 East 53rd Street that she bought for $8.895 million in November 2008 and re-listed for $13.5 million a few days later. Sapir sold the 4,511-square-foot apartment for $10.5 million. [Cityfile]
• Columbia Law professor Hans Smit has lowered the price of his 12,000-square-foot townhouse at 351 Riverside Drive, which first went on the market for $31 million back in 2006. The mansion, which Smit bought for just $325,000 back in 1979, is now listed for $25 million. [Cityfile, BHS]

Dick & Kathy Fuld: 'What Recession?'

cityfile · 05/19/09 10:49AM

Former Lehman chief Dick Fuld may have been willing to hand over his luxe Florida home to his wife for $100, but he's looking for a little bit more from the sale of his Park Avenue apartment. Fuld purchased the 6,200-square-foot co-op at 640 Park in 2006 for $21 million. Now rumor has it he's looking to exit the building and has tapped Kathryn Steinberg of Edward Lee Cave to handle the sale. And he'd like to make a eight-figure profit on the deal, too.