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Lavish Upper East Side co-op, once NYC’s priciest apartment, gets major discount

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From $120 million to $68 million

Sotheby’s International Real Estate

A Fifth Avenue duplex that once boasted the dubious distinction of being the most expensive listing in New York City is back on the market—and with another price chop, it’s gotten a nearly 50 percent discount from when it first hit the market back in 2016.

The duplex at 834 Fifth Avenue, located on the co-op’s seventh and eighth floors, hit the market that April for an utterly unbelievable $120 million. And while the price was shocking, the fact that it was in that particular building—which tycoons like Rupert Murdoch and Elizabeth Arden have called home—was not.

Still, it couldn’t find a buyer at that price—because really, how many buyers are there for nine-digit real estate?—and so it was price chopped. The first discount came in the fall of 2016, when the home re-listed for $96 million; and after a brief spell off the market, it reappeared last year with an even lower asking price of $76 million.

Now, it’s down to $68 million. There’s also been a broker switch; now, Serena Boardman from Sotheby’s International Real Estate is on the case, along with Larry Kaiser of Berkshire Hathaway Homeservices New York Properties.

The particulars of this lavish home haven’t changed; it still has 20 rooms, including seven bedrooms and more than seven bathrooms, along with Central Park views. (The listing describes it as “literally a mansion within the environs of a full service white glove building,” which, okay!)

The finishings are opulent—the listing boasts about “hand painted doors with bronze cast hardware,” an “impressive marble Entry Hall,” and “graceful hand carved moldings”—and the floorplan is ridiculous, with an entire master wing on the upper level and plenty of formal entertaining spaces. (There’s also a smaller staff wing on the lower level.)

It’s still owned by socialite Susan Gutfreund (the widow of the late financier John Gutfreund), and its current price still puts its near the top of the list of NYC’s most expensive homes for sale—even with the nearly half-off discount.

834 Fifth Avenue

834 Fifth Avenue, New York, NY