Even the palatial apartment of late society doyenne Brooke Astor is not immune from the housing crunch.
Months after the elegant pre-war apartment on Manhattan's Park Avenue was first placed on the market with a price tag of $46 million, it's back.
Now the asking price has been slashed by $12 million dollars, and the apartment has undergone renovations.
Of course, wealthy home buyers may still be made skittish by the nation's economic crisis -- and the apartment's monthly maintenance fees, which top $17,000.
The Corcoran Group is listing the 14-room, two-story duplex co-op on its Web site. The selling points include three maid's rooms, six terraces, five fireplaces and a living room with views up and down Park Avenue.
Copyright AP - Associated Press
