Itching to unload his gargantuan Manhattan co-op, former ambassador and pal of the Bush family Bruce Gelb has clipped another $3.5 million off the price.
Mr. Gelb, former vice chairman of Bristol-Meyers Co. and ambassador to Belgium under George H.W. Bush, first listed the co-op at the prestigious Fifth Avenue building for $65 million in April 2016, then chopped $27 million off the price in one fell swoop in June.
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The politically connected nonagenarian is clearly eager to unload his longtime home. He switched brokers this fall, enlisting the help of agents from Stribling and Compass, and trimmed the price down to $34.5 million on Monday.
The newest price is what marketing agents think is appropriate for the current market, said one of the new brokers, Pamela D’Arc of Stribling.
The apartment has 15 rooms and a flexible floor plan, according to the listing with Ms. D’Arc and Gioia Zwack of Stribling and Kyle Blackmon of Compass.
It has six bedrooms and six bathrooms. Staff quarters are separated from the main living areas by a corridor that connects the kitchen, laundry room and multiple maid’s rooms, according to a floor plan of the unit. The corner living room, library and dining room have panoramic views over Central Park and city skyline.
"The corner views are astounding," Ms. D’Arc said. "It’s a real gem."
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Mr. Gelb, 90, put the home on the market shortly after the death of his wife, Lueza. The family had lived in the home since at least the 1960s, according to voter registration records. Their purchase of the ritzy pad predates accessible public property records, making it unclear exactly when and for how much the Gelbs originally bought the home.