(Photo: Patrick McMullan)

Fashion designer Betsey Johnson has found a buyer for the downtown penthouse she put on the market late last year. The 1,660-square-foot two-bedroom, one-bath at 45 Fifth Avenue, awash in signature Johnson colors like bright pink and listed with Corcoran’s Gina Serman, is in contract after two price cuts. (It was originally going for $3.6 million.) Johnson is now ensconced in an East Eighties building off Madison Avenue where her daughter and grandchildren also live.

A few blocks north, former Secretary of the Treasury W. Michael Blumenthal and his wife, Barbara, have recently closed on a seven-room co-op on Park Avenue, says a source. The Blumenthals attracted attention earlier this year when they teamed up with a neighbor to offer their 550 Park Avenue apartments together, priced at a colossal $24 million; the final selling price was somewhat less. The couple seem quite attached to their new building: They apparently came close to bidding on another apartment in the prewar several weeks ago.

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• Archive: “Real Estate”
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