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Curbed PriceChopper: $40M at Meier? Not Anymore

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Then: $40,000,000
Now: $33,000,000
You Save!: $7,000,000

It's hard to feel bad for techie bigshot Bill Joy, who just yesterday reduced the price on his never-lived-in triplex at Richard Meier's 176 Perry Street from $40 million down to $33 million. After all, he bought the place five years ago for only $17.57 million, and even after hiring The Meier himself to shape the place in his signature minimalist style, Joy still stands to make quite the profit if it sells at the new asking price. But a $7 million PriceChop is nothing to sneeze at, especially when the super-luxury market is supposedly so heated that any trophy sells in a flash. Sotheby's is certainly doing its part, churning out some of the most drool-worthy listing photos we've ever seen. The 11,000-square-foot triplex encompasses Floors 8-10, with five bedrooms and five full bathrooms. Quite tantalizingly, this apartment is now priced just $1 million more than a pair of homes at nearby Palazzo Chupi, creating quite the luxury sales showdown. The common charges on the Meier pad are triple that of the Chupster's.
· Listing: 176 Perry Street [Sotheby's]
· On the Market: What $40 Million at Meier Gets You [Curbed]

176 Perry Street

176 Perry Street, New York, NY 10014

Palazzo Chupi

360 W 11th St, New York, NY 10014