This time last week, The Observer was glumly obsessing over all the listings that had just been given multimillion-dollar price cuts. But nothing was as tooth-rattling as this: WWD is reporting that Brooke Astor's 778 Park Avenue duplex has been cut from $46 million to $35 million.
That, if you're counting, is nearly a 25% discount, which is good news for bargain-hunters, and downright devastating for high-heeled uptown real estate brokers--not to mention high-heeled uptown real estate owners--who are clinging to the idea that their impeccable apartments are immune to the worldwide financial crisis.
Here's a glimmer of hope: the Corcoran listing still says read more »
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