• Albert Hammond Jr. has gone into contract to sell his East Village apartment. Again. The 1,200-square-foot pad at 141 East 3rd Street, which Hammond went into contract to sell last year before the buyer dropped out, was most recently priced at $899,000. [Cityfile, Corcoran]
• Raymond Weil president Benny Shabtai is once again lowering the price of his townhouse at 870 Park Avenue. The 11,875-square-foot, Robert A.M. Stern-designed home, which was listed with Carrie Chiang for $19.95 million in March, is now priced at $17.5 million. [NYO, Corcoran]
• Fans of the Baldwin brothers, take note: The Upper Grandview, NY home of Stephen Baldwin is scheduled to be auctioned off on June 24th. The reality "star" (and brother of Alec) is more than $824,000 behind in payments on the home that he and wife Kennya paid $515,000 for in 1997. [TMZ, Luxist]

Topshop hosted a private dinner at Balthazar last night to celebrate the opening of its new store in Soho. Attendees included Karolina Kurkova and Georgina Chapman (left), Harvey Weinstein, Jay-Z, Jimmy Fallon and Nancy Juvonen, Zach Braff, Amy Sacco, Mark Ronson, Ann Dexter-Jones, Annabelle Dexter-Jones, Andrew Saffir, Theodora Richards, Steve Stoute, Cathy Horyn, Stefano Tonchi, Sally Singer, Amy Astley, Eva Amurri, Greg K., Leigh Lezark, Jessica Joffe, Michelle Trachtenberg, Taylor Momsen, Le Call, Jonathan Saunders, Sue Stemp, Steven Kolb, Christopher Kane, Brent Bolthouse, Emily Mortimer, Emma Roberts, Cecilia Dean, Meredith Melling Burke, Nikolai Fraiture, Santigold, Steve Aoki, Benny Shabtai, Michelle Monaghan, and Topshop's very own Sir Philip Green, along with his wife Tina and daughter Chloe. [PMc, Wireimage, Getty, Paper]

How desperate is Raymond Weil president Benny Shabtai to unload his townhouse at 870 Park Avenue? Desperate enough to cut more than $13 million off its price, apparently. The 13-room, 11,875-square-foot Robert A.M. Stern-designed mansion, which has been on-and-off the market since 2004, was listed with Paula Del Nunzio for $33 million in March 2008. Since then, Shabtai has switched brokers (he's hired Carrie Chiang) and cut the price twice, dropping it down to $26.75 million last September and then down to $19.95 million earlier this week. A floorplan and photos of the renovated spread—which features a double-height living room, spiral staircase, a paneled library, six bedrooms, and a four-passenger elevator—after the jump.

♦ Benny Shabtai, the president of Raymond Weil and Di Modolo and a staple on the New York social scene, has slashed the price of his townhouse at 870 Park. The Robert A.M. Stern-designed home, which has been on-and-off the market since 2004 and was most recently listed with Paula Del Nunzio for $33 million in March 2008, is now listed with Carrie Chiang for a (much more modest) $26.75 million. You can see the listing here. [Cityfile]
♦ More flipping at the Plaza: Unit 1802, which was picked up by Barbara Gutmacher Girard for $4.74 million in March, has been re-listed for $6.95 million. [Curbed]
♦ Claude Wasserstein bought her penthouse at 995 Fifth Avenue for $34 million in an unfinished, "white-box condition." [Real Deal]