Luxury Home : East 82nd Street

New York City's East 82nd Street is home to another plum real estate deal. Last month we saw Laurence Salander's townhouse on the street which has had a price drop over $9 million. Today's townhouse on the same street has seen a similar price plummet from $40 million in 2008 to $29.5 million today. Cityfile reports that the home was once bought by billionaire Ron Perelman as a home for one of his executives back in 1996 and was later bought by private investor Keith Gollust.

The townhouse was built by architect Henry Andersen in 1895. The limestone exterior sets the tone for a home which is the embodiment of vintage grace, a true grande dame of the city. The home has 14-foot ceilings, five fireplaces, hardwood floors and six floors served by an elevator. The home gets lots of sunlight, a fact that is enhanced by the lemon and cream decor in many of the rooms.