Time Warner Center Penthouse Gets A $16 Million Price Cut

by Deidre Woollard (RSS feed)
Apr 3rd 2009 at 8:01AM

We've seen some big price cuts lately but when a property gets cut more than a few million it always attracts attention. The New York Observer reports that Austrian-born investor Gerhard Andlinger has cut a whopping $16 million off his Time Warner Center penthouse which first hit the market for $65 million last November.

For your $49 million you get 8,300 square feet of space with stunning 360 degree views of New York City. The penthouse has 14 foot ceilings and the master bedroom suite includes an office, his and her dressing rooms, gym and his and her bathrooms. For entertaining there is a 41 foot-long living room with floor to ceiling windows, and for more private moments there is a red lacquered corner library/office. The penthouse also has a full dining room, chef's kitchen and pantry, laundry center, four additional bedrooms and a screening room.

The building also has an array of amenities such as concierge service, the use of the gym, spa and pool of the Mandarin Oriental Hotel and access to Club 51, which offers party rooms with bar and catering kitchen, roofdeck, children's playroom, gym, massage room and theater. The listing is here.

Gallery: Time Warner Center Penthouse