Related Companies CEO Jeff Blau has sold his 1040 Fifth Avenue co-op, the Observer reports. Blau bought the apartment in the Rosario Candela-designed building in 2008 for $21.4 million, renovated it heavily, and put it back on the market last year for $43 million. Most recently, the price had been chopped down to $34.5 million. Blau is probably relieved to be free of the place, as he just bought Coach creative director Reed Krakoff's East 70th Street mansion for $51 million.
· Don't Look So Blau! Related CEO Finds Buyer for $34.5M Co-op [NYO]
· 1040 Fifth Avenue coverage [Curbed]
· Jeff Blau coverage [Curbed]