New Guggenheim Director Isn't Much for Living Large

Much was made about former Guggenheim director Thomas Krens' oversized Tribeca penthouse with multiple terraces, three levels, skylights, and thousands of square feet. Krens bought the place with a loan from the Guggenheim and recently sold it for $6.3 million. His replacement at the museum, Richard Armstrong, appears to be a man of more modest real estate taste, as noted in the Observer. The new director eschewed Tribeca to be closer to the museum, buying a much more modestly sized 2BR/2BA apartment at the Imperial House on East 69th Street for $1.77 million.

· 150 East 69th Street, #9F [StreetEasy]
· Guggenheim Director Richard Armstrong Ditches Rental for Modest Upgrade [NYO]
· Guggenheim Bigwig Sells Tribeca Penthouse for $6.3 Million [Curbed]