Tory Burch Seals the Deal in Southampton

cityfile · 01/25/10 09:49AM

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]

John Paulson (Finally) Sells in Southampton

cityfile · 06/11/09 08:08AM

• Billionaire financier John Paulson has finally unloaded his house in Southampton, albeit for about $10 million less than he'd hoped to sell it for. The 7,000-square-foot home, which Paulson picked up for $12.75 million in 2006 and put up for sale for $19.5 million in 2008 before later dropping the price twice, just sold to an anonymous buyer for $9.99 million. [NYP]
• Karen and David Fleiss are cutting prices again at 1030 Fifth Avenue. The couple, who have tried just about everything to sell the 16-room duplex they first listed for $47.5 million last June (including dividing the apartment in two), have reduced the price of the bottom-floor unit from $11 million to $9.95 million. [Cityfile, PDE, previously]
• Now that she's no longer with the Count, "Real Housewife" LuAnn de Lesseps has moved out of the couple's rented townhouse on East 62nd Street. She's currently staying at her Bridgehampton place where she's supposedly "contemplating her next real estate move." [NYP]

James Frey Drops Price of SoHo Spread

cityfile · 10/14/08 11:16AM

James Frey has cut $500,000 off the price of his condo at 505 Greenwich Street, less than a month after first listing the place. The four-bedroom spread, which Frey bought as two separate units and later combined, is now on the market for $4.5 million. [Curbed, Corcoran]
♦ Farid Naib, founder of the finance software company FNX Limited, paid $2.29 million for a seventh-floor loft at 288 West Street. [Cityfile]