A Sale at 15 CPW, Another Cut at 823 Park
cityfile · 05/19/09 08:19AM
• Guy Metcalfe, co-head of Morgan Stanley's real estate investment banking group, has finally unloaded his second-floor apartment at 15 CPW, which he purchased for $9.35 million in October and re-listed for $16.5 million a mere two weeks later. Metcalfe was forced to drop the price twice before eventually going into contract to sell the apartment in February. Now it's a done deal: The 3,822-square-foot pad has sold for $11 million. [Cityfile]
• Former UBS executive Ramesh Singh is willing to do just about anything to part ways with his duplex at 823 Park Avenue. He just chopped the price for the fourth time since putting it on the market last August, three months after he and wife Farida Khan paid $20 million for the 7,234-square-foot spread. The apartment, which started off at $24.75 million and was dropped to $21.75 million in October, was lowered to $19.95 million in February and then to $16.750 million in March. It's now priced at $14.5 million, or $5.5 million less than the couple paid for it. Ouch indeed. [Cityfile, Corcoran]