A full-floor apartment in One57—the kingpin of Manhattan’s lavishly named "Billionaires Row"—had $11 million cut from its price tag on Thursday.
The 6,240-square-foot apartment is now asking $59 million, down from the $70 million it was asking when it first hit the market in October, listing records show.
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The three-bedroom residence has a private landing, a 1,500-square-foot master suite and floor-to-ceiling windows with views across the city.
The new price is still an increase from the $55.55 million paid for the pad in 2014 by a limited liability company, property records show.
The man behind the LLC is reportedly Canadian billionaire fashion investor and race track owner Lawrence Stroll. Mr. Stroll, 58—who has invested in Ralph Lauren, Tommy Hilfiger and Michael Kors—could not be reached for comment.
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"This price adjustment is yet another clear endorsement of our healthy buyer’s market," said listing agent Nikki Field of Sotheby’s International Realty. "This owner is willing to sell at a loss to take advantage of another well-priced purchase in the luxury market."
Ms. Field declined to comment on the identity of the owner.
The building might be best known for being the home of the most expensive single residence ever sold in New York City. It was revealed last week that the owner of the record-setting $100.47 million duplex penthouse is Dell Technologies founder Michael Dell.