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Real estate Olsen Twins Sell
 Real estate mogul Ian Eichner buys penthouse from Mary Kate and Ashley.
Mary-Kate and Ashley Olsen endured for five years, and now have finally sold their five-bedroom, 4.5-bath New York City penthouse for $7.7 million to real estate mogul Ian Bruce Eichner.
Eichner, CEO of The Continuum Company, plans on making the 5,725-square-footer at 1 Morton Square his personal residence, HousingWatch has learned from Eichner's personal assistant.
The twins purchased the penthouse in 2005 for $7.3 million when they moved to the Big Apple to attend college. The
penthouse, which was listed by Jared Seligman of Prudential Elliman, has monthly maintenance costs to the tune of $5,207 and tax charges of $4,090, as HousingWatch reported this spring. See interior photos below.
 In January, Eichner closed on a condo that fills the entire 52nd floor of
the new-construction building One Madison Park, according to the Wall Street Journal. The price was $5 million, less than half the asking price a
few years ago. The developers of the building, which is at the corner of East 22nd Street, agreed on that price on the condition that Eichner loan the developers $4.5 million when the contract was signed.
A few weeks later, when the lenders moved to file foreclosure, the building's developers named Eichner as a defendant in the suit.
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