Fashion designer’s penthouse in contract

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Fashion designer Betsey Johnson’s downtown penthouse is in contract after two price cuts. The 1,660 square-foot two-bedroom, one-bathroom Fifth Avenue penthouse went on the market late last year at $3.6 million. As The Real Deal reported, Johnson recently bought an 850 square-foot Upper East Side condominium for $1.8 million. Nearby, former Treasury Secretary W. Michael Blumental recently closed on a seven-room co-op on Park Avenue.  

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