More price cuts at Palazzo Chupi

Artist Julian Schnabel’s Palazzo Chupi is seeing some more price cuts. The price of the combined triplex and duplex units has been slashed to $27.9 million, which is $10.1 million less than its last listing price of $38 million, and more than $31 million less than its original asking price of $59 million. The units can be bought separately, as well. The triplex alone is going for $14.95 million, and the duplex can be purchased for $12.95 million, which is an average of $3,634 per square foot. Residents at the five-unit Palazzo Chupi, at 360 West 11th Street, include Schnabel and actor Richard Gere, who listed his home for $15 million before taking it off the market in March.