Hollywood producer has been forced to cut the price of his co-op apartment at 417 Park Ave. in Manhattan by $2 million. it is now going for $7.99 million.
Maybe its a sign of the times. Or maybe people are just not interested in co-ops any more. Whatever the reason, its a big deal when someone has to cut the price of their luxury New York apartment by 20%.
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The apartment has 4 beds, 5 baths, and encompasses 4, 0000 square feet of space.
Martin Bregman has produced a number of Al Pacino’s best movies including “Serpico, ” “Dog Day Afternoon” and “Scarface.”
From the listing on Trulia:
Hot Mid-Town East. Plan the party! This is a home designed for grand entertaining. Rare opportunity to own this exclusive and one-of-a-kind home in one of Manhattan’s finest Park Avenue addresses. 6W at 417 Park, at East 55th Street, is a sprawling 9 room, 4 bedroom/4.5 bath apartment (including maids quarters / home office area) that has been masterfully designed to showcase classical European style with a modern Manhattan sensibility. This finely detailed apartment has an expansive floor plan that includes a grand living room with decorative fireplace and dining salon that accommodates up to 12.
In addition, it features a windowed eat-in kitchen with adjacent butler’s pantry as well as an elegant and intimate library room with its own built-in wet bar and movie projection with hidden screen. The spacious living quarters are accentuated by four oversize windows that bring in an optimal amount of light and make it an excellent space for lounging or entertaining. Three of the four bedrooms, including a master with its own decorative fireplace, lie privately on the opposite side of the apartment. A his and hers master bathroom were custom built and together with a dressing room, ample closet space and custom cabinetry throughout add an extra layer of luxury to this remarkable home.
A maid’s room (or perfect home office area), bath and laundry room are also well positioned within the apartment. Set on Park Avenue and 55th Street, 417 Park is in the new hot residential Mid-town East. Originally built in 1917, this pre-war co-op building was designed by renowned architect Emery Roth. 417 Park is an exclusive white-glove, full-service luxury building that sits just steps from some of New York’s most prestigious cultural and gastronomical institutions as well as some of the city’s best shopping.
