Biggest price cut of the day

The unit to see the biggest price cut today is a six-bedroom, five-bath townhouse at 16 West 12th Street, between Fifth and Sixth avenues, according to Streeteasy.com. The price of the home, which has five woodburning fireplaces, was cut by $5.5 million, and the townhouse is now on the market for $19.5 million. The home is listed for 22 percent less than its original asking price of $24.9 million when it first went on the market in January. The home, which features a roof garden and private elevator, also has a movie theater with a rear projector. Brown Harris Stevens’ Paula Del Nunzio has the listing. TRD