In February, when an investor who made his fortune in Israeli medical devices put his 15 Central Park West penthouse back on the market at $47.5 million, down from his original $80 million tag, the price slash was probably the most grotesque New York will ever see.
But cuts nearly as monstrous have followed. Last month, real estate heir Richard Mack lowered the price of his un-renovated East 94th Street mansion to $42 million,...
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