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]