Notorious “Peace Palace” price slashed

The $45 million 70 Broad Street property that dropped jaws when it first hit the market in September 2009 for its outrageous price tag has just seen yet another price cut. The one-time home of the Global Country of World Peace, a non-profit organization championing the cause of Transcendental Mediation, now has an asking price of $25.5 million, according to Curbed, marking a 43 percent drop from its original figure. The 15,218-square-foot house is being marketed by Danielle Grossenbacher of Brown Harris Stevens.