NYC home of CBS founder, Iranian princess in contract at $40 million cut - Business Insider

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A controversial NYC townhouse is in contract for $11.5 million after getting a $40 million price cut and spending 6 years on and off the market. Take a look inside.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.A New York City townhouse originally listed for $50 million is finally in contract for $11.5 million after six years on and off the market,Located just north of the United Nations, the property is the former home of CBS founder William Paley as well as a jetsetting Iranian princess.

Here's a look inside the seven-story home, which comes with an elevator and sweeping views of the East River.29 Beekman Place, which has been embroiled in controversy for years, is finally in contract for $11.5 million. That's just one fifth of the $49.9 million asking price it hit the market with in 2014.Broker Charlie Attias of Compass shares the listing with Rosewood Realty's Greg Corbin, Jennifer Gould Keil reported for the New York Post.

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