♦ James Frey has cut $500,000 off the price of his condo at 505 Greenwich Street, less than a month after first listing the place. The four-bedroom spread, which Frey bought as two separate units and later combined, is now on the market for $4.5 million. [Curbed, Corcoran]
♦ Farid Naib, founder of the finance software company FNX Limited, paid $2.29 million for a seventh-floor loft at 288 West Street. [Cityfile]

♦ Brian France, the chairman of NASCAR, has flipped his 34th floor condo at 15 Central Park West. He sold the apartment for $18.8 million, $8.2 million more than he paid for the three-bedroom apartment just three months ago. [Real Deal, NYP]
♦ Freddie Mac CFO Anthony Piszel has put his three-story waterfront vacation home in Easton, MD, on the market for $5 million. [NYP]
♦ Jets head coach Eric Mangini sold his home in Garden City for $2.225 million, $75,000 less than what he paid for the property in 2006. [Newsday]