1010 Fifth Avenue, Estate of the Day
I usually feature a New York City home on September 11 since that is where my heart always is on this day. Today's home reflects two key things about Manhattan real estate, its elegance and its falling prices. Cityfile reports that Tony Margolis, who retired as CEO of the Tommy Bahama Group in 2008, has dropped the price of his eighth-floor apartment at 1010 Fifth Avenue for the third time since listing it in January 2008 for for $11.995 million.
The home in one of Manhattan's classic pre-war co-ops has been renovated turning 11 rooms into nine with three full bedrooms. It has a large living room and two of the three bedrooms look out onto the Metropolitan Museum and Central Park. The best room in the house has to be the library with its wood paneling taken from the board room of a Manhattan bank and a flatscreen television mounted into the wall under a wood pediment. The three-bedroom co-op can now be yours for $9.95 million.
Gallery: 1010 Fifth Avenue