Biggest price cut of the day

March 05, 2009 05:29PM

 812 Park Avenue, apartment 5-6C (left) and 24 Gramercy Park South, apartment 3-4E

The price of two units in the city were cut by $1 million today, according to Streeteasy.com. 24
Gramercy Park South, apartment 3-4E, is now listed for $5.95 million.
The four-bedroom, two-bath apartment is on the market for 14 percent
less than its original listing of $6.95 million in January. Sotheby’s
International Realty’s Glenn Norrgard and Meredyth Smith have the
listing. And the second unit to see a $1 million price cut, apartment 5-6C at 812
Park Avenue, is now on the market for $6.5 million. This is the eighth
time the price has been lowered, and the three-bedroom, four-bath
apartment is now on the market for almost 46 percent less than its
original listing price of $12 million in December 2007. Sotheby’s Mary
Kent has the listing. TRD


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