Clive Davis Slashes $800000 Off Asking Worth for Manhattan Pad – Mansion International

Music business bigwig Clive Davis has chopped over $800,000 off the worth of his three-bedroom co-op on the Ritz Tower in Manhattan.

The worth was lowered by 10% final week to $6.995 million, a number of months after Mr. Davis put the renovated and meticulously designed duplex available on the market for $7.eight million, in line with itemizing data. Mr. Davis, 85, a Rock and Roll Corridor of Fame member credited with launching the careers of Whitney Houston and Barry Manilow, is the chief artistic officer at Sony Music.

Extra: Clive Davis Lists Park Avenue Co-op for $7.8 Million

The music producer, who’s touched the careers of scores of hitmakers throughout genres from Aretha Franklin and Bruce Springsteen to The Grateful Lifeless and Alicia Keys, has owned a lot of models within the Park Avenue constructing over the previous decade, in response to property data.

This specific house is a duplex crafted from two flats Mr. Davis purchased in 2015 for a mixed $three.four million, data present. Inside designer Greg Schriefer led the redesign that turned the 2 models right into a single “harmonious architectural triumph,” in response to the itemizing with Gina Sabio and Sherri Balassone of the Corcoran Group, and Eva J. Mohr of Sotheby’s Worldwide Realty.

The redesign features a grand coil staircase, overhung with a Lillian August chandelier, that connects the 2 ranges, Italian marble windowsills and  herringbone wooden floors. Befitting a music mogul, the house was outfitted with surround-sound audio system all through.

The mixed house spans about 2,800 sq. ft and has seven rooms, together with a library, lobby with a moist bar and area to entertain, in line with the itemizing.

Extra: $65-Million Deal Brightens Slow Month for Manhattan Luxury

The brokers are advertising the low cost as a worth enchancment given at this time’s luxurious market circumstances.

Mr. Davis couldn’t instantly be reached for remark.

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