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Northside Piers Penthouse Now Asking Reduced $11,000/Month

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If a supercondo at Two Northside Piers can command $2.74 million, what can a penthouse in the building rent for? Figuring that out has been a bit of a struggle for PH5, which hit the market in September asking $13,500/month. November 1, the projected occupancy date, has come and gone, and the lack of takers means there's just one thing to do: a RentChop! The apartment is now 19 percent cheaper at $11,000/month. The 2,500-square-foot space includes a 600-square-foot private terrace and a storage unit, plus access to all the Northside Piers amenities. Will the chop be enough to get a body in there?

· Listing: 164 Kent Avenue - Apt: PH5 [Corcoran]
· Two Northside Piers coverage [Curbed]