Jamie Tisch, the philanthropist and socialite ex-wife of producer and New York Giants co-owner Steve Tisch, is in contract on 720 Park Avenue’s fourth-floor apartment for $22 million, sources told the Observer. The 15-room, full-floor home currently belongs to Philip Sassower, CEO of Xplore Technologies and the Phoenix Group, and his wife, Susan. The home, listed by Brown Harris Stevens’ Cathy Franklin and Nancy Elias, has five bedrooms with en suite bathrooms, three maids’ rooms and a wood-burning fireplace. It hit the market in November 2008 for $33 million before taking two price cuts — the last asking price was $27.5 million. John Burger of Brown Harris Stevens represented Tisch, who is planning to move to New York from Los Angeles with her three children this year. [NYO]

HGTV’s new realty reality show, “Selling New York,” premiers tonight at 9 p.m., promising to showcase the “top of the real estate food chain.” The show follows Gumley Haft Kleier’s Michele Kleier and her broker daughters, Samantha Kleier Forbes and Sabrina Kleier Morgenstern, as well as Core’s Shaun Osher, among other brokers from each firm as they maneuver their way through some of the city’s most high-end real estate transactions. In honor of the debut, The Real Deal did some digging to find out which of the city’s prized properties are slated to be featured this season. Among them: a four-bedroom loft at the Chelsea Mercantile listed for $22.45 million, the 25 Murray Street loft for which former Giants star Michael Strahan is asking $1.85 million, a $17 million landmarked townhouse at 109 East 69th Street, and a 2,295-square-foot spread at highly-anticipated One Brooklyn Bridge Park (see slide show of many of the homes above). Click here for more information about the residences expected to appear in the upcoming season.
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Construction workers gathered yesterday at an open landing in a brand new Meadowlands stadium to watch 34-year-old Giants Stadium’s demolition kickoff. The $10 project is slated to take roughly four months and began at Gate B, part of which overlaps with the concourse of the as-yet-unnamed future home of the Jets and Giants football teams. Once that area is clear, crews from Westbury-based Gramercy, the contractors in charge of the demolition project, will move on to the stadium’s interior, where seats are being sold to fans as memorabilia, and will then take apart the stadium from the top down. The new stadium, slated to officially open in May with a Bon Jovi concert, will be the third largest in the National Football League, with room for 82,500 fans, including 9,500 club seats and 222 luxury suites. [Post]