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It appears real estate mogul Richard Mack has finally taken note of Manhattan's faltering real estate market. This afternoon Corcoran's Carrie Chiang dropped the price of Mack's townhouse on East 94th Street from $59 million to a more modest $49.95 million. That's still substantially more than what he paid for the former home of Spence-Chapin: Mack picked up the 24,463-square-foot building for a mere $23 million in 2007. Then again this property comes with a view of Lyor Cohen's townhouse across the street, so maybe the occasional Russell Simmons or Tory Burch sighting will make up the difference. [NYO, Corcoran, previously]