Richard Gere Finds a Buyer

• It looks like Richard Gere has finally unloaded his spread at Julian Schnabel's Palazzo Chupi. The 3.500-square-foot space, which Gere bought for $13 million in 2007 and listed for $17.995 million in 2008, has reportedly sold for $12 million to an unidentified buyer. [NYT]
• John Novogratz, a senior managing director at Millenium Partners and the brother of fellow financier Michael Novogratz, has paid $3.44 million for a 4,400-square-foot apartment at 39 Vestry Street. [Cityfile]
• The penthouse duplex at 1020 Fifth has undergone a $5 million price cut. The 7,000-square-foot apartment, which is owned by heirs to the Kress retail fortune and first went on the market for $46.5 million in 2008, was reduced to $39 million in January. It's now listed for $34 million. [NYT, Corcoran]

• The former home of photographer David Gahr has gone on the market for $3.2 million. Located at 49 Eighth Avenue in Brooklyn, Gahr once photographed musicians like Bob Dylan and Bruce Springsteen at the home. [NYM, Corcoran]
• The townhouse at 160 East 95th Street that news legend Walter Cronkite helped his son Chip buy for $1.725 million in 2000, and which Chip sold for $4.275 million in 2007, is back on the market for $4.25 million. [NYM, Halstead]