Biggest price cut of the day

The unit with the biggest price cut in Manhattan today, according to Streeteasy.com, is a full-floor condo unit at the Time Warner Center, at 25 Columbus Circle. The price of the 8,300-square-foot penthouse was cut by $16 million, and is now listed for $49 million. Penthouse 78 is now on the market for 25 percent less than its original November listing price of $65 million. The penthouse has 14-foot ceilings and a 41-foot long living room. The seller is Gerhard Andlinger, chairman and founder of international investment firm Andlinger & Company. Brown Harris Stevens’ Cru Team has the listing. TRD