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.

Zweig’s apartment is a triplex, taking up floors 41, 42, and 43 of the Pierre.

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.

There are 16 rooms in total, including five bedrooms.

It offers 360-degree views of Manhattan.

The apartment has four adjoining terraces, a rarity in NYC.

The apartment has its own interior elevator.

There are separate guest suites and staff quarters, as well.

Even if it sells for the reduced price, it will still be one of the most magnificent private residences in New York City.

Now see how this apartment stacks up.

http://www.businessinsider.my/martin-zweig-pierre-penthouse-half-price-2015-1/

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