The Real Deal New York

After no bites, Sterling Mason penthouse listed for fourth time

Almost every other apartment in Taconic's condo has sold

The penthouse at 71 Laight Street

Three years since it was first listed, the $20 million penthouse at Taconic Investment Partners’ Sterling Mason condo is back on the market, but there’s no price drop in sight.

Since the Morris Adjmi-designed building at 71 Laight Street first launched sales in 2013, most of the 33 units have found buyers.

But Penthouse C, a duplex which boasts nearly 5,000 square feet and four bedrooms, has languished on the market since it was first brought to market. The duplex features a private terrace of nearly 1,100 square feet. There’s also a library, a great room and what the listing describes as the building’s largest master suite.

Despite a slowdown in the luxury condo market — an analysis by The Real Deal from earlier this year found that more than 35 percent of Manhattan penthouses had seen a price chop — Taconic refuses to drop the price.

Curbed notes that condos of a similar size in Tribeca – such as 56 Leonard and 30 Park Place – have sold for higher prices. And another of the three penthouses in the Sterling Mason did sell for the asking price of $23 million, so there may be hope for the sponsors yet.

Bruce Ehrmann, Roger Erickson and Christopher Morales of Douglas Elliman TRData LogoTINY have the listing. [Curbed]Miriam Hall