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David Geffen, the DreamWorks co-founder, has paid $54 million for a penthouse duplex on Manhattan’s Upper East Side, according to The Wall Street Journal. The price is 17 percent less than what the previous owner, the socialite Denise Rich, was asking, but it still sets a record for a Manhattan co-op, according to Jonathan Miller of the real estate appraisal firm Miller Samuel.

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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