It was the 2007 Decorator Showcase Home and has been on the market for over two years (an “official” DOM of 690). It was initially listed for $55,000,000 in early 2007 and received a rumored four offers a few months later (which were all countered at asking and all walked away). And it was reduced to $48,000,000 on March 6, 2008.
Yesterday the list price for 2901 Broadway was reduced another $3,000,000 (now asking $45,000,000). And while a $3,000,000 reduction might normally drop some jaws, do keep in mind that’s a little over 6%. And since March 6, 2008 the Dow has dropped 46 (percent).