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Brooke Astor Apartment to Sell For $27M Off?

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After an off and back on the market stint, followed by a series of pricechops from the initial $46 million ask, it looks like the estate of Brooke Astor is has accepted an offer in the "high teens." While the desperate Astor estate is allegedly "simply dying to get another bid", they've accepted this anemic bid from the unknown buyer likely to help alleviate their financial woes. The co-op board, however, has not accepted the offer. Even at the highest "teen", this would mean that the unit could be sold for a total of $27,000,000 under the initial asking!

· Half-off sale of Astor's '46M' home on Park [NYP]

778 Park Avenue

778 Park Avenue, New York, NY 10021