Ah, fall: nothing like the sound of a quickening real estate market shoving aside one of its less successful brethren. That would be the oversized duplex unit at 770 Park Avenue, a Gold Coast palace once referred to as a "bastion of exceedingly wealthy and generous left-leaning donors to Democratic candidates." Which might explain why former owner Hassan Nemazee seemed so good on paper! We know how that story ends: Nemazee behind bars for fraud, feds in possession of a very large duplex they will sell to pay his debt to society. Looks like that debt may take a bit longer to atone for: the 14-room whopper of an apartment just got pricechopped by $5 million.
If you're looking for a little less tainted prestige in your Park Avenue duplex, here's one twenty blocks south for a mere $6,985,000.
· Listing: 770 Park Avenue #14A/15A [StreetEasy]
· Inside a Jailed Fraudster's $28 Million Park Avenue Palace [Curbed]