Biggest price cut of the day

The unit to see the biggest price cut today is a five-bedroom, six-bath
townhouse at 55 East 78th Street, according to Streeteasy.com. The
price of the 5,160-square foot home was cut by $1.4 million to $12.5
million. This is the townhouse’s third price cut, and it is now listed
for 29 percent less than its asking price of $17.5 million when it went
on the market in October 2008. The Corcoran Group’s Carrie Chiang,
Susan Gilder Hayes and Loy Carlos have the listing. TRD