$100K Price Reduction for Condo at Rittenhouse Hotel

This condo in the Rittenhouse Hotel has been on the market since May, and this is its third price chop. It was initially offered at $1.6 million, then reduced two months later to $1.49 million. Now we're down to $1.39 million after a price chop about 10 days ago. On the 24th floor, the apartment has terrific views of the Square but some outdated features. The question is: How much are those views worth? Don't forget, living in a hotel means you get lots of hotel perks as a resident: 24-hour room service and housekeeping among them. Size: 3 beds, 2.5 baths, 2,644 square feet
Price: $1,399,000
Most Recent Chop: $100,000
· Listing: 210 W. Rittenhouse Square, Unit 2405 [Redfin]