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Edgar Jr. flips his pad for a cool $21 million

Edgar Bronfman, Jr., the CEO of Warner Music and the son of Edgar Bronfman, grandson of Samuel Bronfman and nephew of Charles Bronfman, sold his 1040 Fifth Avenue co-op apartment for $21 million to Gerson Lehrman and Marjorie Lehrman, according to Bronfman never lived in the house, which he bought for $19.5 million in January and then immediately put on the block for $24 million. He got $3 million less than he hoped. I guess the real estate market really is sagging.

Okay, it’s not a great philanthropic story, but indulge your inner yenta. The link has a layout of the enormous five-bedroom pad.