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(Still) On the Market: Portrait of a Penthouse

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Another art market bailout, perhaps? The penthouse unit (plus extra bonus photography studio and dark room) at 114 West 27th Street has languished on the market for 283 days, originally asking $5.25 million and now going for $4.75M. Plenty of room to play: the Anima Architects-designed space is currently configured as two bedrooms and two bathrooms, but comes replete with approved architectural plans & renderings for a 4 bed/bath conversion -- one less roadblock on the road to remodeling hell.
· Listing: 114 West 27th Street [Prudential Douglas Elliman]