Brooke Astor's Apartment Price Drops 37% (SLIDESHOW)

Brooke Astor's Apartment Price Drops 37% (SLIDESHOW)

There's a Brooke Astor fire sale!

The asking price for the Park Avenue home of the late New York City socialite Brooke Astor was slashed 37% to $29 million.

Stribling took over the listing from The Corcoran Group last month, and proceeded to chop $17 million off the original $46 million asking price.

The 14-room property, which has been on the market since May 2008, features five bedrooms and four-and-a-half baths.

It occupies the entire 16th and part of the 15th floors of 788 Park Ave., and also boasts six terraces, five fireplaces and views of Park Avenue and Central Park.

The Astor property is not the only luxury residence to reduce its price: At 15 Central Park West, a penthouse on the 40th floor is now asking $47.5 million, down 40% from the $80 million it was originally put on the market for back in July 2008.

What's more, an apartment in the newly renovated Plaza is now $38 million after it was listed in September for $55 million.

Meanwhile, a 14-room property in the Dakota, the Central Park West building made famous with the death of John Lennon, is now asking $19.5 million, down 19% from $24 million in June.

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