homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


Subscriber content preview

January 7, 2009

NYC luxury housing prices start falling

  • One Central Park penthouse owner slashed the asking price down to $9.9 million from $16.5 million — and still no takers.
    • By J.W. ELPHINSTONE
    AP Real Estate Writer

    NEW YORK — Park Avenue property owners are feeling a little poorer.

    In what seemed like a New York-minute, prices of luxury homes in the area suddenly started to fall. One penthouse owner on Central Park West repeatedly slashed the asking price down to $9.9 million from an original $16.5 million — and still no takers.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.