An 18-room mansion in Katonah, part of Bedford in Westchester, is on
the market for $22 million, the Wall Street Journal reported. The
12,900-square-foot house used to belong to Tommy Mottola, a former Sony Music
executive who used to be married to singer Mariah Carey. Current owner
Sara Arnell, the chief executive of an advertising agency, bought the
home from him in 2001 for $18.3 million. [more]

The feud between the Apthorp’s owners, Africa Israel Investments and
Mann Realty Associates, has ended, and the building’s brokers are
focused on selling the units. Howard Lorber, chairman of Prudential
Douglas Elliman, said that prices will soon fall further at the Apthorp
because sponsors have to sign up a number of buyers before September,
the deadline set in the offering plan. Lorber said Elliman has eight to
10 deals in the works, including one potential buyer who reportedly
offered less than $1,500 a square foot for a unit, a price so low the
sponsors would have to go back to their lenders for approval. Asking
prices at the condo building, located at 390 West End Avenue, have fallen to an average of $1,950 a square foot
from $2,400 to $3,000. Some celebrities have reportedly been looking at
the building, including actors Alec Baldwin, Sarah Jessica Parker and
husband Matthew Broderick, and music executive Tommy Mottola. [NYT] and [Crain's] [more]