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Old-School Sutton Place Townhouse Sees Another Pricechop

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It's been a pretty messy journey for 3 Riverview Terrace, the East River townhouse that has its own back garden from which to contemplate one's wealth. It arrived on the market back in October of 2009, asking $19 Million, which didn't seem to fly with buyers. Then, the price came all the way down to $14,995,000. Even that hasn't lured well heeled buyers in, and the place is now asking an all time low of $12,995,000. Not exactly cheap, but not nearly what the seller first had in mind. Think this place might have to get sub-$10 Million to move for its 4,700 square feet of class?

· Listing: 3 Riverview Terrace [Elliman]
· 3 Riverview Terrace Coverage [Curbed]