Broker Sami Hassoumi told The Observer earlier today that rennovations (we're talking another $10 million), a divorce, and a shaky market were to blame for the mansion being toppled from its pride of place as the most expensive property in the city.

The price may have fallen but Kirk Henkels, Executive Vice President and Director of Stribling Private Brokerage, insists that it is positive and shows that the market is experiencing a rebound. "The money is there and if it's exactly what buyers want, you're seeing bidding wars," he said. No one's going to fight over a house with a temporary staircase though.

At the end of the day, only one thing matters in Manhattan real estate, and that is the price tag. Here are the properties that now rank ahead of the Harkness on the real estate leaderboard.