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Chelsea Co-op Gradually Chops 34 Percent Off Its Price

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Turns out apartments in 236 West 26th Street don't just cause confusion when they're PriceSpotter picks. Apartment 2W in the Chelsea co-op, a 4,200-square-foot 4BR, 4.5BA, has been a puzzle from the start. It first hit the market asking an even $5 million in February 2008, and the decline chronicled on the its StreetEasy page since then is a sad sight. The apartment took a short break after Lehman fell and has traveled down to the current ask of $3.295 million, 34 percent lower than its original, over the many months since. The apartment includes "side-by-side 110-bottle red & white wine vaults," so the seller can take his or her pick for consolation, whatever the place finally sells for.

· 236 West 26th Street #2W [StreetEasy]
· Listing: 236 West 26th Street [Cribs of the Crop]