Benny Shabtai Won't Give Up on Park Avenue Manse
How desperate is Raymond Weil president Benny Shabtai to unload his townhouse at 870 Park Avenue? Desperate enough to cut more than $13 million off its price, apparently. The 13-room, 11,875-square-foot Robert A.M. Stern-designed mansion, which has been on-and-off the market since 2004, was listed with Paula Del Nunzio for $33 million in March 2008. Since then, Shabtai has switched brokers (he's hired Carrie Chiang) and cut the price twice, dropping it down to $26.75 million last September and then down to $19.95 million earlier this week. A floorplan and photos of the renovated spread—which features a double-height living room, spiral staircase, a paneled library, six bedrooms, and a four-passenger elevator—after the jump.
