'Breakfast at Tiffany's' townhouse is sold

Actually, the elegant NY property has another claim to fame: It was the home of Peter Bacanovic, the Merrill Lynch broker who spent five months in prison as part of the Martha Stewart insider trading scandal. The property has been bought by Cyprus-based Costalea Holdings Limited (whatever that is) for $5.97 million, a bit over the $5.85 million asking price, reports the NY Observer. Baconovic bought the place in 2000 for $1.8 million. By the way, the film's interior scenes were shot in a Hollywood sound stage. Still....


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Hollywood stories:
Obama meets with victims of LAX shooting*
THR's Stephen Galloway wins entertainment journalist of the year
Finke, Waxman, Penske, Min: Battle of the Hollywood trades
Photos: AARP Films for Grownups Film Festival
Best thing about next year's Oscars night probably just happened

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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