The penthouse of New York City's Pierre Hotel hit the market for a record $125 million in late April 2013.
But the property, which belonged to late investor Martin Zweig, has yet to find a buyer. The price was just slashed nearly in half to $63 million, half its initial asking price, reports the Wall Street Journal.
Zweig initially listed the apartment for $70 million in 2007 but later pulled the listing; he died in February 2013.
The apartment encompasses three floors and was originally the hotel's ballroom.
The 16-room spread is listed with Brown Harris Stevens.
The Pierre, located on 61st Street and Central Park, is one of the most iconic properties in New York City.
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Zweig's apartment is a triplex, taking up floors 41, 42, and 43 of the Pierre.
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It formerly housed the famous hotel's ballroom, and "the living room is considered the most magnificent privately owned room in the world," according to the original listing.
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See the rest of the story at Business Insider