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PriceChopper: Central Park West Townhouse Down 40%

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Writes a Curbed tipster of the five-floor townhouse at 355 Central Park West, "This looks like a beautiful home in a fine spot. Why has it sat on the market for almost 2 years, from before The Fall? And why a drop of over 40% from $11.75M to $6.995M? Ouch!" According to its Brown Harris Stevens listing, this house at 95th Street is one of only three single-family residences along CPW and is in pristine condition, so we're not sure why it's flirting with the PriceChopper Hall of Fame. In 2006, New York mag reported on its bitchin' roof deck and $4.9 million asking price, so maybe it's a flip gone awry? The last cut, an even $1 million, came just six days ago according to StreetEasy. Theories as to the source of its troubles welcomed.
· Listing: 355 Central Park West [BHS]