Spears’ former home sees price chopping

Britney Spears and the Silk Building at 14 East 4th Street

A price-chop-plagued penthouse at 14 East 4th Street, otherwise known as the Silk Building, which once belonged to pop singer Britney Spears, can’t seem to nail an asking price that appeals to the masses. When Spears sold the apartment in 2006, it was after two years of sitting without a buyer and after $2 million in price reductions. It seems little has changed since then — the current owners have been trying to unload the property since the middle of 2008, during which time they reduced their asking price to about $5 million from an original figure of $6.6 million.