Derek Quinlan has cut the price of his New York townhouse by $5m from $37m to $32m, according to the New York Post.

The former tax inspector behind investment vehicle Quinlan Private, Quinlan bought the five-storey townhouse, located on Manhattan's Upper East side for $26m in 2005.

Quinlan Private recently cut the price of its office, also up for sale and located on the same street as the apartment, from $36m to $27m.