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NYC Penthouse Sells for $6.77M After 83% Price Cut From $40M Ask

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A raw, unfinished penthouse at the Hampshire House in Manhattan has sold for $6.765 million, representing an 83% discount from its original $40 million listing price. The attic-level unit required significant renovation work before it could be made habitable. The property languished on the market for years before finally changing hands through an online auction. The sale underscores the challenges sellers face in New York City's high-end real estate market, where even prestigious addresses can struggle to command aspirational prices.

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