• Hedge fund manager Cliff Asness won't have an apartment to stay in when he makes occasional trips to Manhattan from his home in Greenwich. Or at least he won't have the apartment at The Oxford on East 72nd Street that he bought back in 2002 and has owned till now. Asness has sold the 35th floor apartment for $1.55 million. [Cityfile]
• James Luikart, executive vice president of the private equity firm Jeffries Capital Partners, has paid $7.8 million for an 18th floor apartment at 170 East End Avenue. He and his wife also picked up a ground-floor studio in the building for an additional $500,000. [Cityfile]
• Things haven't been going well at Julian Schnabel's Palazzo Chupi. And they're not getting any better. The price of the combined triplex and duplex has been cut to $27.9 million, which is $10.1 million less than its last listing price of $38 million, or roughly $31 million less than its original asking price of $59 million. [NYP]