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• Coach president Reed Krakoff has "quietly" placed his 30-foot-wide townhouse at 115 East 70th Street on the market for $52 million. Krakoff bought the home in 2006 for $17 million and completely renovated it following a fire in 2007. [NYO]
• Art dealer W. Graham Arader III has cut $10 million off the price of his 12,000-square-foot manse at 1016 Madison Avenue. It's now available for $65 million, making it the second most-expensive listing in the city behind Aby Rosen's townhouse on East 71st Street. [NYO, Sotheby's]
• Nicole Eddy and her husband paid $7.3 million for a penthouse at the Chelsea Modern on West 18th Street. [Cityfile]
• Bear Stearns' ex-COO Alvin Einbender has taken $4 million off the price of his four-bedroom apartment in the Police Building at 240 Centre Street. It's now listed for $26 million. [NYO, PDE]