The Real Deal New York

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

The condo was first listed in 2013 for $50M

25 Columbus Circle #54AG

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

Time Warner Center at 25 Columbus Circle

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

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