(NEW YORK, NY) — Justin Timberlake and Jessica Biel finally sold their Soho penthouse after four price cuts.
The 2,598-square-foot apartment at 311 West Broadway was purchased for $6.35 million, a significant drop from its original asking price of $7.99 million. The home is equipped with 3 bedrooms, 31/2 bathrooms, and an 853-square-foot terrace.
The couple bought the unit back in 2010 for $6.56 million. The drop in price is just another example of the slow down of Manhattan’s luxury market.
We reported back in November that penthouses are losing their glamour. As of October 12, 443 penthouses were on the market, a 16% increase from the same time last year.
The buyer of the penthouse has chosen to stay anonymous.