Dick Fuld's Daughter Gets Desperate

Richard Fuld's daughter Christine and her husband Aaron Packles, a managing director at Merrill Lynch, have dropped the price of their co-op at 79 East 79th Street by more than $3 million. The five-bedroom, full-floor apartment is now listed for $9.8 million, which is just $50,000 more than they paid for the home in 2007. [NYT, ELC]
Marc Ecko and his wife Allison—who are currently facing $2.1 million in liens in connection with the Bernardsville, New Jersey castle they've been renovating for close to three years now—are now selling the colonial home next door for $1.229 million. [NYP, CB]
• Former UBS exec Ramesh Singh has sold his 4,225-square-foot co-op at 860 Park Avenue, which he first put on the market for $13.4 million in 2007 and went into contract to sell in December '08, for $7 million. [NYT]
• Writer/director James Toback is putting his late mother's 15th-floor co-op at the Majestic on Central Park West up for auction. The 2,200-square-foot apartment, which first went on the market for $3.75 million in November, will be available for a minimum asking price of $1.999 million. [NYT]