araxia-buckhantz

Price Cut on Fifth, Purchase on Mercer

cityfile · 01/20/09 08:24AM

• 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]