Hip-hop mogul Sean “Diddy” Combs’ former Upper East Side building is back on the market for $29 million — down from its most recent $31 million asking price in August.
It was listed for $39 million last year.
Diddy purchased this building, at 807 Park Ave., for $12 million in 1998 after living in one of its apartments. The Grammy winner, also known as P Diddy, reportedly had megamansion aspirations for the 12-story address, but scrapped them — and sold the property to current owner Aion Partners for $14.3 million in 2004.
What’s followed has been a long sales saga, which included Aion trying to sell three four-story condos there for between $12 million and $16 million apiece, an attempt at demolition and building anew and, like the developer is once again doing now, putting the whole building up for sale.
The current offering — marketed as an income-producing property or a family compound — says the 24,000-square-foot building has three four-floor homes, each measuring more than 5,000 square feet with five to six bedrooms.
The building’s bronze doors lead to a lobby clad with marble floors, walnut walls and a silver-leaf vaulted ceiling. It also has a full-time concierge.
The listing brokers are Stribling’s Alexa Lambert, Timothy E. Desmond, Linda Melnick and Marc Achilles.