♦ 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]