• Five Price-Slashed Manhattan Mansions You Still Can't Afford

    Fancy real estate in Manhattan is taking a Cynthia Swann dive right now, with huge listings slashing millions of their asking prices. Here are five that are worth $49 million less than before.

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    The Media Museum: Cut $9 millionA 10,000 square foot townhouse on East 64th St. that used to be the headquarters for the New York Observer was recently reduced in price, from $36 million to only $27 million. Renovated from the heap it was during its Observer days, the 25-foot-wide, 5 story palace is for the discerning buyer who wants a whiff of Old Media when they wake up in the morning.

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