Erin Callan Buys, Tommy Hilfiger Rents

Former Lehman CFO Erin Callan has gone into contract on an apartment at 40 East 66th Street, one month after cashing out at 15 CPW. The Credit Suisse exec is reportedly paying between $7.5 and $8 million for the three-bedroom condo. [NYP]
Tommy Hilfiger has found a new apartment to rent. (His Plaza apartment remains on the market for $50 million.) The fashion mogul is reportedly paying $50,000 a month for a five-bedroom spread at 807 Park Avenue, inside the converted townhouse that was owned by Diddy until 2004. [NYP]
A week ago, we reported Bella Sapir had closed on a new penthouse at 250 East 53rd Street for $8.895 million. Now the Post reports she's already trying to flip the place for a profit. She's relisted the 4,500-square-foot spread for $13.5 million with Corcoran's Angela Rapoport. [NYP, Corcoran]

Former New York Jets quarterback Vinny Testaverde has slashed the price of his Oyster Bay Cove home, from an original listing price of $6.995 million in October 2007 to down to $4.6 million. [Newsday, Shawn Elliot]
It looks like Naomi Watts and Liev Schreiber might not be moving into their pad at One Madison Park after all. It's rumored the couple is thinking of buying a three-bedroom, $5.3 million duplex at 79 Laight Street instead. [NYP, Corcoran]
Now that CBS has transferred Lara Logan to its Washington DC bureau, the chief foreign affairs correspondent has picked up a new home. She reportedly paid $1.5 million for a four-bedroom house in the city's Cleveland Park area. [Page Six]