Upper West Side Townhouse Finally Sells at 45 Percent Off

The PriceChopper Hall of Fame just narrowly missed its chance to induct 327 West 76th Street into its ranks. The townhouse first hit the market in the summer of 2007 asking $16 million (or $32K/month as a rental). And, if nothing else, its sellers have tried to keep pace with the market?by October '08, the 7,060-square-foot house was asking $13.5 million. That oughta do it, no? No! The house's sale hit public record today, and the closing price was only $8.8 million, a 45 percent drop. The buyers are a New Jersey couple, but if it's a pied-a-terre they're going for, well, they picked a bad day to try to impress.
· 327 West 76th Street House [StreetEasy]
· Sale: 327 West 76th Street [ACRIS]