Biggest price cut of the day

The unit to see the biggest price cut today is a two-bedroom,
two-and-a-half-bath co-op at 50 Gramercy Park North, apartment 2B,
according to Streeteasy.com. The price of the apartment was cut by
$600,000 to $4.4 million. The home, which has a 637-square-foot
terrace and hotel services through the Gramercy Park Hotel, is listed
for 27 percent less than its asking price of $5.9 million when it first
hit the market in December 2008. The Corcoran Group’s Chris Kann and
Robert Browne have the listing.

Over the weekend, a 5,400-square-foot penthouse at the Prime, a
building that has suffered significant price drops, saw a dramatic 38
percent price cut, according to its developer Daren Hornig. The price
of the three-bedroom, three-bath triplex at 333 West 14th Street was
cut by $3.6 million to $5.9 million. TRD