• Former Giants defensive end Michael Strahan has put his 2,000-square-foot loft at 25 Murray Street on the market. The one-bedroom pad, which Strahan bought for $1.635 million in 2008 but has barely used since he spends most of his time in LA these days, is currently listed for $1.85 million. [WSJ, PDE]
• The lower half of George Gershwin's former duplex at 132 East 72nd Street has gone into contract after more than nine months on the market. The two-bedroom co-op had most recently been listed for $3.05 million. Meanwhile, socialite Debbie Bancroft's apartment, which is located one floor up and comprises the second half of Gershwin's former home, is still on the market for a reduced price of $1.5 million. [Cityfile, Corcoran, BHS]
• African telecom mogul Yerim Sow has re-listed his three-bedroom pad at 15 CPW. Sow bought the 36th-floor condo in 2008 for $10.3 million and put it up for sale in May for $21 million, pulling down the listing a month later. Now it's up for sale again and listed for $21 million once more. [Cityfile, Corcoran]
• Real estate mogul Elie Hirschfeld has put his East Hampton estate up for sale. The 12,000-square-foot manse is listed for $25 million. [Real Deal, Sotheby's]

• Bank of America portfolio manager Raymond Cubero and his wife, Kathleen Comerford, have dropped the price of their Trump Tower duplex. The 3,300-square-foot "smart house," which they put on the market with Paula Del Nunzio for $14.995 million in June, is now listed for $12.995 million. [Cityfile, BHS]
• Real estate heiress Caroline Cumming has gone into contract to sell 11 Spring Street, more than a year after she first put the 12,128-square-foot behemoth on the market for $39.8 million. After undergoing three price cuts, the property had been listed for $26 million as of last week. [Curbed, PDE]
• Three months after it was reported that Peter J. Solomon had gone into contract to buy the East Hampton mansion that belonged to the late actress Mary Howard de Liagre, the investment banker and ex-deputy mayor has closed on the purchase. Solomon paid $19 million for the waterfront estate, or $3.5 million less than its most recent asking price. [EH Star via Curbed]

• Hedge fund manager/art collector Adam Sender and his wife Lenore didn't have much luck unloading their three units at 15 Broad Street last November for $10.995 million. But they did better with their apartment in Soho. Last Friday, the couple closed on the sale of their fourth-floor apartment at 109 Greene Street for $3.695 million. [Cityfile]
• The cuts continue at 11 Spring Street, the 12,128-square-foot "townhouse" owned by Caroline Cumming, which originally went on the market for $39.8 million, was reduced to $36.5 million in November, and then reduced again to $29.5 million last month. It's now down to $26 million. [NYO, PDE]
• A second-floor duplex at the Plaza has sold for $11.786 million. The purchaser of the three-bedroom unit with 4,283 square feet is listed in property records as Paradeplatz Ltd. [Real Deal]

• Hedge funder Scott Bessent has dropped the price of his duplex at One Sutton Place South for the second time since first listing it for $12.5 million in October. The protégé of George Soros is now selling the 11-room spread for $9.995 million, which is about $2 million less than he paid for it in 2007. [Cityfile, BHS]
• National Hockey League commissioner Gary Bettman and his wife Michelle have paid $1.95 million for a 20th-floor condo at the Grand Beekman at 400 East 51st Street. [Cityfile]
• Real estate heiress Caroline Cumming's 12,128-square-foot townhouse at 11 Spring Street, which went on the market for $39.8 million in September and was reduced to $36.5 million in November, has been reduced once again. The home can now be yours for $29.5 million. [Cityfile, CORE]

♦ Nicolas Cage put his 48th-floor condo at the Olympic Tower on the market for $9.75 million last week, then "temporarily" took it off the market a few days later. (The 3,550-square-foot, three-bedroom space is comprised of two apartments that Cage bought for $5.5 million in 2004 and 2005.) But he's also reportedly trying to sell his other homes in California and Rhode Island. [WSJ]
♦ Real estate heiress Caroline Cumming's massive townhouse at 11 Spring Street went on the market with Corcoran's Robby Browne two months ago for $39.8 million. She's since changed brokers and lowered the price. The property is now listed with the Core Group for $36.5 million. [NYO, CORE]
♦ Margo Alexander, the former head of UBS Global Asset Management and now chair of the Acumen Fund, has paid $4.05 million for a two-bedroom, 10th-floor apartment at 15 Madison Square North. [Cityfile]