How low can you go? Time Warner pad has been chopped 68%

The condo was first listed in 2013 for $50M

New York /
Apr.April 11, 2017 12:30 PM

A duplex penthouse in the Time Warner building received its sixth price cut, and is now on the market asking $16 million.

Apartment 54AG at 25 Columbus Circle was relisted Monday, Curbed reported. The condominium, which is split between the building’s 54th and 55th floors, was first asking $50 million in 2013, although StreetEasy shows it debuted for $42.5 million in 2014.

The 3,582-square-foot, four-bedroom apartment is owned by direct marketing mogul and self-made millionaire Cheryl Mercuris. Its asking price has been steadily declining since 2013, the listing shows, and was most recently on the market for $18 million in December.

It’s also bounced from broker to broker, starting first with Douglas Elliman’s TRData LogoTINY Fredrik Eklund and then shifting over to Brown Harris Stevens. It’s now in the hands of Ryan Serhant of Nest Seekers international.

The apartment features 10-foot floor-to-ceiling windows, hardwood floors and views of Central Park. The building amenities include access to One Central Park Club, the Mandarin Hotel spa and pool and a roof deck. [Curbed]Miriam Hall

(To view more residential sales in Manhattan, click here)


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
RE/MAX CEO Adam Contos (Facebook)
RE/MAX revenue ticks up in Q4 but profit sinks
RE/MAX revenue ticks up in Q4 but profit sinks
(iStock/Illustration by Kevin Rebong for The Real Deal)
State will use undercover testers to combat housing discrimination
State will use undercover testers to combat housing discrimination
Zillow COO Jeremy Wacksman (Zillow, iStock)
Zillow using Zestimate to streamline cash offers for some homes
Zillow using Zestimate to streamline cash offers for some homes
Home sales were the busiest January on record, but still the fifth month of decline in a row. (iStock)
Pending home sales fall for fifth consecutive month
Pending home sales fall for fifth consecutive month
Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard
Making Lemonade: Don Lemon breaks even on Harlem condo sale
Making Lemonade: Don Lemon breaks even on Harlem condo sale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...