Artist, baseball player, mortgage pro cut apartment prices

Artist Cosimo Cavallaro and former Yankee Bobby Abreu made multi-million dollar price cuts

An artist, a baseball player and a financier are among those who have made million-dollar price cuts to their apartments. Filmmaker and sculptor Cosimo Cavallaro first put his 15,000-square-foot apartment and gallery at 20 South Fourth Street on the market for $12.8 million a year ago. After several price cuts, Cavallaro landed on an asking price of $5.95 million last week. Former New York Yankee Bobby Abreu cut the price of His One Beacon Court condo to $6.9 million from $7.9 million. Ramesh Singh, who left his position as global head of mortgage-backed securities at UBS, cut the price of his 823 Park Avenue home to $14.5 million last week, $10 million lower than the unit’s August list price and $5.5 million lower than what he paid for the unit in June 2008.