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Languishing Chelsea Penthouse Not Shy About Dropping Names

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[First photo via Zivkovic Connolly Architects.]

Celebrities just can't stop pretending to call this epic five-bedroom penthouse in Chelsea's 129 West 20th Street home! The listing doesn't shy away from blabbing, pointing out that the 4,500-square-foot duplex "has been featured in the motion picture Last Night starring Kiera Knightly and Eva Mendes and in an AT&T ad campaign featuring Mariah Carey as the resident." Does it need to rely on star power to sell? The jury is still out on that one. Don't get us wrong, we're enjoying the 25' ceilings, 2,000 square feet of private outdoor space and the second level that's "the perfect place to host a dinner party for 2 - 50 friends." It's just that this penthouse has been down this road before.

The place has been bouncing on and off the market since 2006, with a seesaw pricing pattern. It first asked $8 million, then eventually went down to $6.95 million, then back up to $8.25 million, down to $7.695 million, up yet again to a high-water mark of $8.5 million and now down yet again to $7.25 million. Adding to the schizophrenia, it's now with its fourth brokerage. So is the time finally right to sell, or should they just not even bother waking Mariah up to tell her she doesn't actually live there?
· Listing: 129 West 20th Street, #PHAB [Citi Habitats]

129 West 20th Street

129 West 20th Street, New York, NY