Saudi Prince Relists Joan Rivers' Former NYC Penthouse After Four Years With $10 M Price Cut

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The iconic penthouse triplex that once belonged to the late Joan Rivers has returned to the market after nearly four years, this time with a significant price reduction.

Owned by a Saudi prince, the 4,661-square-foot apartment at 1 E. 62nd St. was relisted for $28 million, a substantial drop from its initial 2021 asking price of $38 million, according to the New York Post, which cited a StreetEasy listing update.

The lavish residence, known for its opulent décor and stunning city views, faced challenges finding a buyer in recent years. The asking price was lowered to $34.5 million in 2023, but the property was eventually pulled from the market.

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With a new brokerage representing the property, the relisting signals a renewed effort to find a suitable buyer for the historic Manhattan residence.

New York's Department of Finance records show Prince Muhammad bin Faud acquired the property in 2015 for $28 million.

Rivers, a legendary comedienne who died in 2014 at age 81 from complications during a medical procedure, had lived in the residence for 28 years. During her ownership, the penthouse hosted renowned guests, including the late Princess Diana.

The penthouse occupies the top floor of a 42-foot-wide limestone mansion designed by Horace Trumbauer, a masterpiece of neo-French classical architecture. Rivers purchased the property in 1988, a year after her husband, Edgar Rosenberg, died.

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Rivers, known for her sharp wit, served as president of the building's condominium board. But her tenure was marked by an unexpected ghostly encounter. In a 2009 episode of "Celebrity Ghost Stories," Rivers recounted her experience with a troublesome apparition she named Mrs. Spencer, a former resident believed to be a niece of the renowned financier J.P. Morgan.

Rivers claimed to have enlisted the help of a voodoo priestess to exorcise the spirit after experiencing unsettling occurrences. Neighbors reported witnessing spectral activity, including figures dancing in the residence and descending the grand staircase in elegant evening attire.

While the listing describes the residence as "breathtaking," its current state differs significantly from the opulent interior during Rivers' time. Known for its antique furnishings and Versailles-style decor, the penthouse now presents a largely empty canvas.

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Gilded ceiling medallions and wall moldings still adorn the grand ballroom, which boasts 23-foot ceilings, elegant parquet-de-Versailles flooring and a statement wood-burning fireplace, according to the listing by Zina Raslan and Carl Gambino of Compass.

The brokerage declined to comment on the property.

The residence also has a paneled library and formal dining room adorned with 18th-century French panels, creating a captivating ambiance in a soft rose hue. Reflecting on the lavish décor in a 2012 interview, Rivers described it as "Louis XIV meets Fred and Ginger."

The primary suite offers a private terrace and views of nearby Central Park. Marketed as a five-bedroom 5 ½-bath home, the penthouse provides ample space for luxurious living.

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