Biggest price cut of the day

The Manhattan home to see the biggest price cut today is a three-bedroom, three-and-a-half-bath condominium unit at 505 Greenwich Street near Spring Street, according to Streeteasy.com. The 2,404-square-foot unit was reduced to $2.99 million from $3.195 million, marking a six percent price reduction. The unit, which is listed by Warburg Realty, was first placed on the market in March. This is the first price slashing for the condo. The building comes equipped with a Zen mediation garden and a 24-hour doorman.TRD