Price Cut on Fifth, Purchase on Mercer
• The 7,000-square-foot penthouse duplex at 1020 Fifth Avenue that's been on and off the market in recent years and was most recently priced at $46.5 million, has undergone a price cut. The five-bedroom spread, owned by heirs to the Kress retail fortune, is now listed at $39 million. [Cityfile, Corcoran]
• Wesley Vultaggio, who works at AriZona, the beverage company his father co-founded, has paid $6 million for a apartment at 47 Mercer Street. [Cityfile]
• Umberto Arpaia, the chef/owner of Cellini in Midtown and brother of fellow restaurateur Donatella Arpaia, paid $4.85 million for an 18-foot-wide townhouse at 242 East 68th Street. [Cityfile]
• Morgan Stanley exec Guy Metcalfe hasn't had much luck unloading his five-bedroom apartment at 15 CPW. He did, however, manage to sell the 448-square-foot staff studio he owned in the building for $1.55 million to Alexander Mikhailov. [NYT]
• Two weeks after it was reported that BHS's Ann Jeffrey had nabbed the listing for the late Araxia Buckhantz's 13th-floor apartment at 834 Fifth, the home has officially hit the market with a $30 million price tag. [Real Estalker, BHS]
• Developer Janna Bullock sold her 25-foot-wide townhouse at 9 East 67th Street for $24.925 million, after spending nearly three years on and off the market. [NYT]