A 5,000-square-foot, four-bedroom spot at the Dakota, eyed this past summer by actor Alec Baldwin, is now in contract for $11.5 million with someone else after a more than 50 percent price reduction. The co-op apartment, at the luxurious prewar 1 West 72nd Street building, was listed at $24 million in June 2008 with Brown Harris Stevens. It underwent three price reductions — most recently to $12.5 million — before being scooped up by Mark Fisch, ex-commissioner of the New Jersey Council on Affordable Housing and currently a managing partner at New Jersey real estate firm Continental Properties. [Post]

Actor Alec Baldwin is reportedly looking at a Dakota co-op.

Actor Alec Baldwin wants to sell his co-op in the El Dorado, at 300
Central Park West. The four-bedroom apartment is listed for $8.9
million, and the asking price includes a second, smaller apartment that
could be used as a gym or home office. Baldwin has reportedly been
looking at a four-bedroom, four-bathroom co-op at the Dakota at 1 West
72nd Street. The apartment is listed for $12.5 million, and has seen
three price cuts since it was first listed for $24 million in June
2008. [more]

The unit to see the biggest price cut today is a one-bedroom,
three-bath co-op at the Dakota, at 1 West 72nd Street, according to
Streeteasy.com. The price of apartment 1011 was cut by $1.6 million,
and the home is now on the market for $5.9 million. The unit is listed
for 21 percent less than its asking price of $7.5 million when it first
went on the market in July 2008. Prudential Douglas Elliman’s Dolly
Lenz has the listing. According to Streeteasy.com, there are four
apartments for sale in the famed building — where Judy Garland, John
Lennon and Leonard Bernstein lived — and three of the homes have had
their prices slashed. TRD