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The Alexander Penthouse Gets Another Million Dollar Discount

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It has been almost three years since The Alexander, fresh off some embarrassing legal difficulties, put its combined duplex penthouse on the market for $17.25 million. Now, three brokerages (and three pricechops) later, the listing is back with the original one—Corcoran—although not with its original price, as the 5,500-square-foot pad has had a total of 19 percent slashed off its initial ask and now wants $13.9 million. Even with 16-foot ceilings, a curved wall of glass, 1,100 square feet of terraces, and eight bathrooms that's still probably on the ambitious side, but at least it's heading in the right direction.


· Listing: 250 East 49th Street #PH [Corcoran]
· The Alexander coverage [Curbed]