Biggest price cut of the day

The unit to see the biggest price cut of the day is a one-bedroom, one-bath condo at the Residences at Jumeirah Essex House, at 160 Central Park South, according to Streeteasy.com. The price of apartment 1801 was cut by $350,000, and the home is now on the market for $2.5 million. The apartment is listed for 12 percent less than its original asking price of $2.85 million when it went on the market in October. It last sold for $1.5 million in January 2005, according to Streeteasy.com. Jumeirah Essex House’s on-site broker Deborah Hope has the listing. TRD