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Related CEO Cuts Price of Fifth Avenue Co-op Down to $34.5M

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Related Companies CEO Jeff Blau has relisted his impressive three-bedroom co-op in the Rosario Candela-designed 1040 Fifth Avenue with brokerage CORE (which Related just acquired [EDIT: CORE was not acquired; Shaun Osher and Related are now equal partners in CORE.]). Originally listed for $43 million back in January, the apartment had its price chopped down to $38 million before being taken off the market in June. Now it's back asking $34.5 million, which would still be a substantial profit for Blau, who bought the apartment for $21.42 million in 2008. This isn't the first trophy apartment he's had to pricechop, either.

· Related Companies' Blau Relists in New York for $34.5 Million [WSJ]
· Listing: 1040 Fifth Avenue #14A [CORE, via Streeteasy]
· Jeff Blau coverage [Curbed]