Wilbur Ross’ Midtown penthouse still sitting on market

Trump’s Cabinet pick is asking $18.5M for the Briarcliff pad

Wilbur Ross and 171 West 57th Street
Wilbur Ross and 171 West 57th Street

It looks like nobody wants a cabinet owned by Wilbur Ross.

Ross — whom President-elect Donald Trump has tapped for Secretary of Commerce in his Cabinet — listed his penthouse at the Briarcliff at 171 West 57th Street for $21 million last year, the New York Post reported. In January, he dropped the price to $18.5 million, but apparently to no avail. It has now been on the market for 415 days, according to StreetEasy.

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The four bedroom, five full bathroom apartment spans 5,573 square feet. Designed by interior decorator Mario Buatta, it features two wood-burning fireplaces. There’s a “cozy” library, a dining room that seats 30 people and an irrigated and planted terrace, according to the listing.

Ross bought the penthouse from Andrew Farkas of Island Capital Group for $18 million in 2007. Just this week Farkas found a buyer for his Upper East Side townhouse, six months after listing the home for $42.5 million.

But in real estate patience can pay off, as Ross well knows. The billionaire was rejected by the co-op board of the River House, an Art Deco building off the East River on 52nd Street, in the 1990s. Late last year, he got the last laugh and paid $7.8 million for an apartment in the building.  [NYP]Miriam Hall