The Real Deal New York

Biggest price cut of the day

February 04, 2009 04:49PM

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The unit with the biggest price cut today in Manhattan is a
five-bedroom, four-bath condo in Extell Development’s Rushmore, at 80 Riverside Boulevard
and 64th Street.
The unit was first listed in September at $8.85 million, and was just cut by $1.36
million to $7.49 million, an 11 percent decline, according to Streeteasy.com. Prudential Douglas
Elliman’s Ilan Bracha, whose group just split for the second time in two months,
is listing the 3,072-square-foot unit.

Meanwhile, the most expensive unit to just hit the market is
a $25 million co-op at Ian Schrager’s 50 Gramercy Park North, part of the
Gramercy Park Hotel. The three-bedroom, three-bath unit is listed by the
Corcoran Group’s Tim Cass and Trisha Lawton. The 4,235-square-foot apartment
has a balcony and terrace. TRD

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