Sundae in the Park! But $15 M. Becomes $11.9 M. at Cantor Co-op

It's easy to snicker about the tectonic prices paid for eight-room, three-terrace penthouses before the market’s inevitable downfall, unless you’re one of the penthouse owners who bought at the peak of the market. But Iris Cantor, the arts philanthropist whose late husband co-founded Cantor Fitzgerald, is unruffled.

In May 2006, she spent about $15 million on a 3,906-square-foot, four-bedroom penthouse at 110 Central Park South, a co-op that had once been...

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