Brooke Astor's Bargain Basement Penthouse – Now $12 Million Cheaper

Park Avenue apartment selling for discounted price of $36 million

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
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