Owner Of Gaudy Brighton Penthouse Now Desperate To Sell

Want to live the sparkling, chandelier-covered and wood-paneled paradise in Brighton Beach? Well, your fantasy, or nightmare,  just got a lot more affordable, according to a report by NY Curbed.

This isn’t the first time we’ve written about the price of the glitzed-out multi-million dollar condo being slashed. Back in January, we reported that the owner of the penthouse, located at 2805 Ocean Parkway, had already cut the asking price over a million dollars. With no one biting, the owner has announced another stunning drop in price:

“Owner must sell!” the brokerbabble for the sparkliest penthouse in Brighton Beach began back in January, when the apartment was pricechopped, for the second time, down to $3 million. And it doesn’t look like they were kidding—the 4,000-square-foot pad has slashed its asking price once again. It’s now seeking a mere $2,390,000 (just under $600 per square foot) and has also been dropped by Elliman, with a brokerage called Golden Real taking over the listing. Things are not looking so good for the 5BR/5BA/one sauna penthouse, which once had its sights set on $4.6 million. Now, with its current ask at only 52 percent of that, it’s a hair’s breadth away from induction into the PriceChopper Hall of Fame.

I guess the fancy real estate business isn’t always the fool-proof investment plan it is made out to be. If you want my advice, I wouldn’t start bidding until the price drops another $2 million. At the rate the price has been slashed already, you’ll only have to wait until next spring!