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Biggest price cut of the day

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The home to see the biggest price cut today is a penthouse in the St. Urban
building at 285 Central Park West, according to Streeteasy.com. The price of
the three-bedroom co-op, penthouse N, was cut by $2.65 million dollars, and is now on the
market for $7.25 million. The home is listed for 27 percent less than its
asking price of $16.5 million when it first hit the market in April 2008. The
duplex penthouse has four baths and a two-story greenhouse. Brown Harris Stevens’
Lisa Lippman and John McDermott have the listing. TRD

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