Gramercy Park Penthouse Slashes Its Asking Price

GRAMERCY PARK, NY — The owner of this fancy pad has been trying, and apparently failing, to sell this penthouse with Gramercy Park views since 2011, which is why today's asking price has been slashed by more than half.

The home first went on the market in 2011 for $21.4 million, according to Curbed. Since then, the price has repeatedly dropped until reaching its current price tag at $8,995,000.

The spacious home comes with three bedrooms, Gramercy Park views, and a rooftop terrace.

For more information and photos from the penthouse, view the complete realtor.com listing here.

• Address: 50 Gramercy Park N Apt Ph, New York City, New York
• Price: $8,995,000
• Square Feet: 4235
• Bedrooms: 3
• Bathrooms: 3 Baths
• Features: This extraordinary penthouse duplex at 50 Gramercy Park North boasts a nearly 50-foot expanse of unobstructed views overlooking Gramercy Park and New York Citys incomparable skyline. Upon entering the great room, awash in southern light from its floor-to-ceiling windows, you will find an inviting and flexible space bordered by the formal dining room and library with a wood-burning fireplace, perfect for grand entertaining or smaller, more relaxed gatherings. The spacious eat-in kitchen has north and east exposures, cherry-wood cabinetry from Varenna, brushed stainless steel countertops and a suite of high-end appliances. This level also features two bedrooms, each with its own en suite bath, a media room and powder room. Up the curved staircase is the expansive full-floor master suite offering three exposures, another wood-burning fireplace and direct access to two sizable private terraces. This impressive suite offers a secondary room to accommodate a home office or exercise room, a windowed en suite five-piece master bathroom, and two large walk-in closets. Whether you opt for the north- or south-facing terrace, both provide an idyllic spot to relax on a warm, sunny day basking under the bright blue sky or take in the glimmering lights of New York City at night. 50 Gramercy Park North is a full service, luxury, boutique condop building in New Yorks coveted Gramercy Park neighborhood. Built in 1924 and converted in 2006 by famed hotelier Ian Schrager with interiors by renowned designer James Pawson, residents of this 23-unit building have exclusive use and access to the five-star amenities of the adjacent Gramercy Park Hotel as well as a key to the city's only private park. 50 Gramercy Park North is pet-friendly, and allows subletting and pied-a-terres.

This listing originally appeared on realtor.com. For more information and photos, click here.