Jamie Tisch in contract for $22M on 720 Park Avenue pad

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]