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Former NY Times Publisher’s Fifth Avenue Co-Op Sells For $12.5M

The Fifth Avenue co-op owned by Arthur O. Sulberger, the former publisher of The New York Times, has sold for $12.5 million, $1.5 million less than its original asking price Bloomberg reported.

The deal for the four-bedroom at 101 Fifth Ave. was completed on April 11. It was listed last December for $14 million.

Sulzberger died last Sept. 29 at his home in Southampton after a long battle with Parkinson’s disease. He was 86.

But he left behind a legacy at the Times, having morphed the company into a publicly-traded multimedia firm with television, radio and magazine assets.

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