Home of former Gray Lady managing editor listed for $2.77M

We won’t bury the lede: The former Water Mill residence of Arthur Gelb, a legendary managing editor at The New York Times, has hit the market for $2.77 million. It last traded hands for $2 million in 2007, the New York Post reported. Spanning 2,550 square feet, the five-bed, four-bath waterfront home features a pool and a dock on Mill Pond. Maryanne Horwath and Michael Shaheen of Douglas Elliman share the listing. [NYP]