Lionel Pincus’ Park Avenue duplex in contract

The 16-room Park Avenue duplex of the late Lionel Pincus has found a buyer, a spokesperson for his sons told the Wall Street Journal. The $12.5 million, 7,000-square-foot spread at 733 Park Avenue was the lesser of two trophy apartments that belonged to the Warburg Pincus financier. The other, a duplex at the Pierre Hotel once listed for $50 million, grabbed headlines for years as Pincus’ sons battled over its control with Princess Firyal of Jordan, their father’s longtime companion. The Princess won control of the Pierre Hotel apartment in October and has since taken it off the market. Joan Kaplan of the Corcoran Group had the 733 Park Avenue listing, for which neither the contract price nor the buyer’s identity was disclosed. [WSJ]