• Democratic fundraisers Carl Spielvogel and Barbaralee Diamonstein-Spielvogel sold their seventh-floor apartment at 720 Park to ex-Merrill Lynch banker Peter Kraus in December for $36.63 million. But it looks like they won't be moving far. The Spielvogels have now paid $8.98 million for a second-floor apartment in the same building. The couple bought their latest co-op from the estate of the late Cynthia Phipps, a horse breeder and philanthropist who died in 2007. [Cityfile]
• A four-bedroom duplex at 740 Park, which was first offered for $35 million by heirs to the late Randolph L. Speight, is now $26 million. [NYO, Sotheby's]
• Attorney and real estate investor Alan Schnurman has slashed the price of his 41-acre property in Sagaponack by 27 percent. Once on the market for $64.5 million, it's now down to $47 million. [Newsday, Corcoran]