It's probably overdramatic to call this the great reckoning, but, then again, two of the primmest, most significant, czar-worthy pieces of New York real estate have taken massive price cuts in two days.
Yesterday, the asking price for a fourth-floor duplex at 740 Park, owned by the estate of the former co-op board president, went down from $35 million to $26 million. Today, Brown Harris Stevens' Web site shows that the 18,500-square-foot, 104-year-old townhouse at 18 East 68th Street, which listing broker Paula Del Nunzio has dubbed the Henry T. Sloane Mansion, has been cut from $64 million to $54 million. read more »
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