Steel Magnate Gets A Little (But Just a Little!) Less Greedy at 15 CPW

It's magical, but not magic.

It’s magical, but not magic.

Given the massive profits that many early buyers at 15 Central Park West made flipping their units, it sometimes feels like no price is too high for an apartment in New York’s newest pre-war building.

Well, it looks like steel magnate Leroy Schecter has finally learned how much is too much: $95 million.

Mr. Schecter just cut a whopping—or, at least, it would be whopping in any other building—$10 million from the ask on his 35th-story apartment, to a still-stratospheric $85 million, which would put it below the $88 million record price that Dmitri Rybolovlev paid for Sandy Weill’s penthouse.

But can it sell? Besides the units in contract at One57, no sale has actually closed for anything approaching the price that Mr. Rybolovlev paid back in 2011, though there have been plenty of contenders—ranging from the laughable ($100 million for the penthouse at the ’80s-errific CitySpire Center) to the slightly more realistic ($125 million for the triplex penthouse at the Pierre).

The unit is a combo—”the building’s only post-construction combination unit,” reads the listing—though it’s still smaller—20 percent smaller—than Mr. Weill’s old digs.

But what it lacks in size, it makes up for in views. Mr. Weill’s unit was on the shorter tower—sorry, “the house”—which meant it had only (only!) views of the park. Mr. Schecter’s apartment, on the other hand, is located in the main tower on Broadway, meaning the non-master bedrooms have Hudson River views in addition to the park views of the master bedroom, library, living and dining rooms.

The apartment also has, for some reason, two laundry rooms. (No word on what kind of views those have.)

Emily Beare at CORE has the listing. As Ms. Beare did not return a request for comment, we’re not sure what inspired the slight price decrease, but we doubt it indicates a great deal of flexibility. Although Mr. Schecter paid just $18.9 million for the two apartments, he walked away from a $48 million offer for the two unconnected units in 2010—an offer that seems entirely reasonable given that he had been asking $55 million back then.

In the meantime, the magnate is occupying himself with the overhaul of the Rothschild mansion, which he paid $25 million for last October. God knows what he’ll ask for that when he gets done.