Gerhard Andlinger's Time Warner Penthouse, Once $65 M., Sells for $37.5 M. in Biggest Apartment Deal Since July '08

It's been a humbling year for monstrously expensive, monumentally plush New York real estate. Not only is the most expensive townhouse ever sold in the city still asking a few million dollars less than it was bought for, but the tag for Julian Schnabel's top five floors at Palazzo Chupi has gone from $59 million to $38 million to $27.9 million. But this month, according to city records filed late last week, a five-bedroom, 8,300-square-foot... (link)