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HOUSE OF THE DAY: Late Investor Martin Zweig's Magnificent Penthouse Now Selling For A Discounted $95 Million

Julie ZeveloffDec 24, 2013, 23:33 IST

via Sotheby's International RealtyThe penthouse of New York City's Pierre Hotel hit the market for a record $125 million in late April.

But the property, which belonged to late investor Martin Zweig, has yet to find a buyer, and recently had its price slashed by 24% to $95 million, according to The New York Daily News.

Zweig initially listed the apartment for $70 million in 2007 but later pulled the listing; he died in February.

The apartment encompasses three floors and was originally the hotel's ballroom.

The 16-room spread is listed with Sotheby's International Realty.