Big price cuts are order of the day in luxury real estate

Fredrik Eklund and John Gomes of Douglas Elliman pose in their penthouse listing at 11 North Moore St. in Tribeca Sellers of some of the city's most expensive properties are dramatically slashing prices, even as developers keep trying to push the boundaries of the luxury market with pie-in-the-sky price tags of up to $175 million. "Million Dollar Listing New York" star Fredrik Eklund and business partner John Gomes of Douglas Elliman are cutting the price on their ritziest listing - the stunning 7,061-square-foot penthouse at 11 N. Moore St. in Tribeca - by more than 25%.

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