The Real Deal New York

Biggest price cut of the day

June 05, 2009 04:56PM

The unit to see the biggest price cut today is a six-story townhouse at
158 East 61st Street, according to The price of the
6,900-square-foot home was cut by almost $1.5 million, and the mansion
is now on the market for $11.5 million. The home was first available in August 2006 for $11.25 million and then had two price
increases, the first in March 2007 to $13.95 million, and a second in
May 2008 to $15 million. A year later, this past May, the price fell to
$13 million. The home is now listed for 12 percent less than its last
listing price of $13 million, and is just $250,000 more than its
original 2006 listing. Brown Harris Stevens’ Wolf Jakubowski and Paula
Del Nunzio
have the listing. According to city records, the home was
last purchased in 2005 for $3.6 million. TRD

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