Linda Stein’s former pad sees 11% price cut

January 28, 2011 02:54PM

By Lauren Elkies and Amy Tennery

Linda Stein and images from inside her former apartment at 151 Central Park West

A home that once belonged to murdered broker-to-the-stars Linda Stein has seen an 11 percent price cut to $15.5 million, according to Howard Margolis and Jeff Adler of Prudential Douglas Elliman, where Stein had worked, are marketing the unit, 8C, located at 151 Central Park West between 75th and 76th streets. They first listed the pad in October last year at $17.5 million. After their marriage in 1971, Stein and music producer Seymour moved into the Kenilworth, before selling it to the current owner in 1994. The building is known for its celebrity residents, including Catherine Zeta-Jones and Michael Douglas.

Despite Stein’s headline-grabbing death, Adler said he doubts her connection to the apartment will influence buyers.

“Anybody who’s got the resources in a building of this stature couldn’t care less that Linda Stein lived in that apartment,” Adler said.

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The price cut was made “to show the owner’s intent that he is serious about selling,” Adler added. “We do expect more traffic from this move.”

Adler declined to comment on the seller’s identity.

Before she got into the real estate business, Stein co-managed the Ramones, the famous punk rock band. Stein was killed in her apartment at 965 Fifth Avenue. Stein’s former assistant Natavia Lowery was convicted of Stein’s murder in February 2010 and was sentenced to 25 years behind bars May 2010.