The Real Deal New York

Biggest price cut of the day

February 06, 2009 04:39PM

The unit with the biggest price cut
today in Manhattan is a two-bedroom, three-bath co-op at the Rosario
Candela-designed
770 Park Avenue, according to Streeteasy.com. The
apartment, unit #14B, was cut by $2.4 million and is now listed for $7.5 million, down from its $9.9 million listing.
The apartment was originally put on the market at $10.95 million in May
2008, and cut to $9.9 million in September. Brown Harris Stevens’ Nancy
Elias and John Burger are listing the unit, which also has a 45-foot
terrace. The $2.4 million cut from the unit is almost double the average price of a co-op in Manhattan, which was $1.21 million in the fourth quarter of 2008, according to appraisal firm Miller Samuel.

Meanwhile,
the most expensive unit to come on the market today is a $9.35 million
condo at 151 East 58th Street, One Beacon Court. The 2,410-square-foot
unit has three bedrooms and three baths. Brown Harris Stevens’ Linda De
Luca and Corinne Vitale are listing the unit. On Monday, a One Beacon Court unit had the biggest price cut of the day. TRD

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