It’s Free to Look: 120 11th Avenue

This glass-and-steel penthouse floating on top of the former candy factory at 120 11th Avenue was originally listed for $17 million last April. Now for a recently reduced price of $14.75 million, it's almost as much of a bargain as those multi-colored sweets that never melt in your pocket.

The lower-floor lofts retain much of the building's original charm, including some Life Savers insignia. Higher up, this Chelsea penthouse has little charm, but it does have 20-foot ceilings, seven bedrooms and deck space that even boasts a little patch of real grass, according to the listing. There are also spa-like bathrooms and enough room to build your own gym.

With all this bargain luxury, the candy company's charming Depression-era slogan, "Gee, I wish I had a nickel," may translate in 2010 terms into "Gee, I wish I had $14.75 million." — Laura Kusisto


You know times are tough when prices on the Life Savers building are sinking.

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