Bronfman drops price for 5th Ave. co-op

June 18, 2008 07:59AM

Nobody is immune to the changing real estate market, not even Edgar Bronfman Jr., the Seagram liquor heir and Warner Music Group CEO, who eight months ago sold his East 64th Street townhouse to a Russian oil magnate for $50 million, after paying just $4.375 million for it in 1994. Bronfman will reportedly get less than the $24 million asking price he wanted for his 11-room apartment at 1040 Fifth Avenue. He will get $20 to $21 million for the co-op apartment, which he bought for $19.5 million in January. And his duplex penthouse at the Carhart Mansion on East 95th Street, which he bought in October for about $19 million, is stuck on the market with a $24.5 million asking price.


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