Biggest price cut of the day

New York /
Apr.April 30, 2009 04:00 PM
alternate textJulian Schnabel’s Palazzo Chupi saw a $3 million price cut today

The
biggest price cut of the day goes to the combined penthouse at Palazzo
Chupi, at 360 West 11th Street, according to Streeteasy.com. The price of the triplex and
duplex combo was slashed by $3 million, and the unit is now on the market for
$38 million. The 7,500-square-foot apartment, owned and designed by artist Julian
Schnabel, is now listed for 7 percent less than its asking price of $41
million when it was listed on Streeteasy.com in January. The 3,713-square-foot triplex
and 3,963-square-foot duplex are also for sale separately, and the triplex saw a $2
million price cut
today, making its sale price $20 million. The duplex’s price decreased by $1 million today, and it is now listed for $18 million. In
addition, the triplex can be rented for $50,000 a month, and the duplex
can be rented for $40,000 a month. Earlier this month, Schnabel put a
Picasso painting up for sale to pay down debt on Palazzo Chupi. TRD

 

Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
One Court Square in Long Island City QNS and Savanna managing director Brian Reiver (Wikipedia, Loopnet, Getty))
Savanna’s LIC office tower nabs big tenant
Savanna’s LIC office tower nabs big tenant
Wharton Properties’ Jeff Sutton with 1551-1555 Broadway
Sutton faces foreclosure on Times Square American Eagle
Sutton faces foreclosure on Times Square American Eagle
26 Verandah Place and 30 Front Street in Brooklyn (StreetEasy, Getty)
Brooklyn luxury contracts end September on a low note
Brooklyn luxury contracts end September on a low note
U.S. Treasury Secretary Janet Yellen
NY gets more federal rent aid — but only 6% of need
NY gets more federal rent aid — but only 6% of need
Better.com CEO Vishal Garg (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and YouTube/vishalgarg)
“I’ve never managed more than 10 people in my life:” Better’s CEO fesses up
“I’ve never managed more than 10 people in my life:” Better’s CEO fesses up
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...