A bargain at NYC’s Dakota: $15 million four-bedroom

For anyone who’s ever wondered what it’s like to have Roberta Flack or Yoko Ono as your neighbor but couldn’t afford it, now might be the perfect opportunity to score a luxury apartment on the cheap. Sort of.

Apartment No. 66 at 1 West 72nd Street — otherwise known as the famed Dakota — was just listed at a bargain basement price of $15 million, according to New York City’s online database of properties for sale. The four-bedroom, 4 1/2-bath property is currently owned by Sean Goodrich and Leslie Finerman, features seven wood-burning fireplaces, floor-to-ceiling windows and hardwood floors, according to the listing.

Illustrating that even New York’s sizzling real estate market is subject to the laws of gravity, Apt. 66 is down from its $24 million asking price in 2008, the last time it was on the market. In September, the unit was last listed by Southeby’s International Realty for $17.5 million.

The sale occurs against a backdrop that suggests NYC’s torrid luxury market may be showing signs of slowing down.

Last year, the average apartment price in Manhattan hit a record $1.95 million in the fourth quarter. Yet according to data given to The New York Times by Compass, a real estate brokerage, more than 1,000 listings in Manhattan cut their asking prices in the last four months of 2015. Meanwhile, Apartment 66 is priced well above the average listing price for Manhattan’s Upper West Side, which is $4,650,802, according to Trulia.

The Gothic style building, where the 1968 horror classic “Rosemary’s Baby” was shot, is widely considered to be one of New York City’s most exclusive addresses. Throughout the years, the building has housed a list of notable boldfaced names such as John Lennon, TV host Maury Povich and Judy Garland.

The $15 million price also presumes that a potential buyer will successfully navigate the building’s notoriously discerning co-op board, which has been sued at least once for discrimination — and reportedlyrejected potential applicants such as Melanie Griffith, Billy Joel and Cher.

[Source:- CNBC]