Price Drops Make Perry Street Cheap(er)

Even millionaires love deals, so moneyed types would do well to take another look at this 4,000-square-foot condo in the south tower of the Richard Meier–designed 176 Perry Street. After languishing on the market for more than a year — 384 days to be exact, according to Streeteasy.com — it's so ripe for the picking it's practically falling off the tree. And with three bedrooms (one, a luxurious master suite), full river views, and three exposures, not to mention the designer's cachet, why shouldn't it get a little love? (It has a library and a terrace, too.) Since April 2005, it has undergone numerous price cuts, the asking price sliding from $8.95 million to $7.65 million. The most recent reduction, twelve days ago, brought the numbers down by $300,000. Number-crunchers take note: On a per-square-foot basis, it's going for a little less than what a neighboring unit sold for in September.

S. Jhoanna Robledo