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The $3.25 million sales price was 15percentt below the original asking price last August.
They closed on a two-bedroom apartment this spring for $500,000, some $200,000 below the original asking price.
Under the conversion plan, tenants can buy their apartments, without any refurbishing, at 10percentt below the original asking price, Mr. Ebersman said.
That is 46percentt below the original asking price of $46 million when the apartment went on the market in May 2008, nine months after Mrs. Astor, the society grand dame, died at 105.
The home of the late billionaire Marvin Davis has sold, though for far below the original asking price, according to the Wall Street Journal.
These days, houses are once again selling at or below the original asking price, and Pinel fears that he and other brokers of luxury homes will have to tighten their belts in 2001.
Similar(52)
The original asking price was $12.5 million.
The original asking price was $25.5 million.
The 54-year-old founder of ImClone Systems sold his Hamptons house for $3.125 million–more than a million below his original asking price of nearly $5 million, according to the New York Post.
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