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New York

Biggest price cut of the day

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The
unit to see the biggest price cut today is a five-bedroom, five-bath
co-op unit at 720 Park Avenue, according to Streeteasy.com. The price
of apartment 4A was lowered by $4 million, and is now on the market for
$29 million. The pre-war apartment is now listed for 12 percent lower
than its asking price of $33 million when it went on the market in
November. The building was designed by architect Rosario Candela. Brown Harris
Stevens’ Nancy Elias and Cathy Franklin have the listing. TRD