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New Guggenheim Director Isn't Much for Living Large

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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]