Hip-Hop Icon Russell Simmons' NYC Penthouse Back on the Market (House of the Day)
By AOL Real Estate Editors 
| Posted Oct 16th 2012 6:00AM
| Posted Oct 16th 2012 6:00AM
It's stunning, and it's got great views and all the right celebrity connections. So why won't this place sell? This 7,175-square-foot penthouse in New York City, owned by hip-hop pioneer andDef Jam Recordings founder Russell Simmons, is on the market for $11 million. Again.
Apparently, P. Diddy was supposed to snag the sprawling spot in 2001, but damage from 9/11 had almost ruined the apartment. Even after renovations and a price chop, the place still hasn't sold -- more than a decade later! What gives, multimillionaires of New York?The home boasts a stunning spiral staircase, 12-foot ceilings and almost 3,500 square feet of outdoor space. It features a massive kitchen with breakfast room, a library, four bedrooms and 4½ bathrooms -- not to mention a very stylish, zen-like, Southeast Asian-inspired decorative theme. We'd snap it up in a second -- if we had a loose $11 million lying around.
Thanks to our pals at Zillow for the tip!
