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Bob Vila Takes a Loss on Madison Square Park Penthouse

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Legendary This Old House host Bob Vila paid $6 million for his 15 Madison Square North penthouse in 2009. In doing so he defied all our DIY expectations: based on the brokerbabble, it appears all he did to the place was knock down a wall between the living room and the second bedroom for better park views. Then he put it back on the market for just $5.7 million. Maybe he shoulda done a more thorough renovation, because he's finally sold it?for only $5 million, according to the Observer. You do hate to see that. The buyer's identity is unknown (we're guessing it isn't Derek Jeter).

· Forget This Old House! Bob Vila Loses a Million on Madison Square Loft [NYO]
· Bob Vila coverage [Curbed]