66 East 79th Street and J. Christopher Flowers

Having recently forked out $20 million for a second floor-unit at 640 Park Avenue, billionaire private equity mogul J. Christopher Flowers may be trying to balance his books. Flowers, who founded J.C. Flowers & Co., has listed his six-bedroom, seven-bathroom spread at 66 East 79th Street for $18 million, according to Streeteasy.com. The price is $1 million less than what Flowers paid for the property in 2006. The unit is listed by Sami Hassoumi of Brown Harris Stevens, who was not immediately available for comment. [more]

From left: The most expensive listing at 640 Park Avenue and cheapest at 91 East 208th Street

The most expensive Manhattan home to hit the market this week is $29 million apartment at 640 Park Avenue between 66th and 67th streets. The 18-room baroque-style residence, taking up the entire eighth floor, is listed as a co-exclusive between Brown Harris Stevens’ senior vice presidents Nancy Elias and John Burger and Sotheby’s International Realty’s Serena Boardman.

The cheapest Manhattan home to hit the market this week is a two-bedroom, one-bathroom co-op in a pre-war building at 91 East 208th Street, listed with Keller Williams NY Realty’s Martha Valerio for $95,000. Click here for more. – Katherine Clarke… [more]

The year 2009 was a trying time to be a real estate broker, developer or investor, but it never lacked for news. In the aftermath of the financial crisis, the industry watched in awe — and sometimes horror — as residential sales ground to a virtual halt, condo projects stopped in their tracks, office rents shrank and retail stores disappeared. Buyers at buildings like 22 Renwick sued to get out of their contracts, and some were granted the opportunity to back out of their contracts. Meanwhile, an amazing cast of characters — from Kent Swig to Harry Macklowe to Lev Leviev — publicly fought for survival. There were also glimmers of hope, from the opening of the High Line in June to the expansion of Halstead Property into Connecticut to the sale of Former Lehman Brothers CEO Dick Fuld’s sale 16-room co-op apartment at 640 Park Avenue for $25.87 million, almost $5 million more than he bought it for two years ago. Click here to see The Real Deal staff’s picks for the stories that most altered the New York City real estate landscape in 2009…. [more]

The priciest New York City home to hit the market this week is at the Plaza hotel, according to Streeteasy.com, while the cheapest Manhattan unit to come online this week is a one-bedroom, one-bathroom co-op at 301 East 63rd Street. TRD… [more]

Former Lehman Brothers CEO Dick Fuld, 640 Park Avenue

Former Lehman Brothers CEO Dick Fuld sold his 16-room cooperative apartment at 640 Park Avenue at 66th Street for $25.87 million, making a profit of almost $5 million since he bought it a little more than two years ago. Fuld and his wife Kathleen had asked for $32 million when it was first being quietly marketed, according to reports in May. They bought the unit in January 2007 for $21 million, property records show. The buyer was identified as Glenn Fuhrman, who is a co-managing partner and co-founder of Manhattan-based investment fund MSD Capital. The sale closed August 14, according to property records posted today. Kathryn Steinberg, senior vice president and managing director at Brown Harris Stevens, represented the Fulds.

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Dick Fuld and 640 Park Avenue

Former Lehman Brothers CEO Dick Fuld and his wife Kathleen’s
6,200-square-foot, $21 million co-op apartment at 640 Park
Avenue may soon come on the market. While the couple has not yet
publicly listed the 16-room apartment, complete with five fireplaces
and two rooms for servants, Kathryn Steinberg, an agent in the Edward Lee
Cave division at Brown Harris Stevens, is reported to be quietly
marketing the apartment for $32 million — roughly $11 million more
than the couple paid for the unit less than two years ago. None of the
couple’s other residences in Connecticut, Florida, Vermont and Idaho
have reportedly been put on the market…. [more]