Dumbo Clocktower unit knocks $7M off initial price

March 05, 2013 03:30PM

Time has not been kind to the penthouse at the Clocktower, the Two Trees Management condominium project in Dumbo. After coming on and off the market for nearly four years, the distinctive apartment is once again for sale, this time at $18 million, or a $7 million discount off its initial asking price, Curbed reported.

A new broker team of Frank Castelluccio, Aaron Lemma and Nicholas Hovsepian of the Corcoran Group is marketing the unit, Streeteasy.com shows.

As The Real Deal reported, the three-bedroom, 3.5-bathroom penthouse hit the market in 2009 for $25 million. The price slipped to $23.5 million in April 2011, then again to $19 million last year.

Michele Kleier, Sabrina Kleier Morgenstern and Samantha Kleier Forbes of Kleier Residential previously marketed the listing, which is located at 1 Main Street.

The condominium unit is a triplex, according to the most recent listing, and has four glass clock faces on each side of the living area. Ceiling height spans 16 to 50 feet and the home comes with five-inch white oak plank flooring. The home measures 6,813 square feet, according to Streeteasy. [Curbed]Zachary Kussin