Lenny Kravitz cuts price on penthouse

The price of musician Lenny Kravitz’s 6,000-square-foot penthouse at 30 Crosby Street in Soho has been lowered to $18.75 million from $19.5 million. After picking up the apartment in 2001 for $8.5 million, Kravitz put it on the market for $13.25 million in 2004, then dropped the price to $12.95 million later that year before finally pulling it off the market altogether in 2006. Kravitz then spent 18 months renovating the unit and put it back on the market in the spring of 2007 for $19.5 million.