Back when Britney Spears sold her Silk Building penthouse in 2006, after two years on the market and $2 million worth of chops, we mused that there had to be a lesson in this somewhere. Whatever that lesson is, the current owners of 14 East 4th Street's PH1109 don't seem to have learned it either, because they've been chopping the heck out of the property since mid-2008. The latest ask is $4.999 million, a 9 percent cut from the previous ask of $5.495 million and down from an '08 original of $6.595 million. The current asking price first debuted in early December, and the property was delisted the day after Christmas and relisted at the same ask last week. So basically, this penthouse is as crazy as Britney Spears.
· Listing: 14 East 4th Street [Elliman]
· 14 East 4th Street PH1109 [StreetEasy]
· Silk Building coverage [Curbed]