2008’s most expensive listings see price cuts, leave market

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The New York Observer looks at the current status of 2008’s most expensive apartment listings. Of the 10 properties listed for over $45 million in late 2008, half have been taken off the market without selling. The one property that sold, a penthouse in the Time Warner Center, saw its price reduced to $37.5 million from $65 million before selling. Two of the 10, a $60 million penthouse at the Mark and Aby Rosen’s $75 million 22 East 71st Street home, have not seen price cuts.